Myanmar: Mon State Government cautious on new projects

Myanmar: Mon State Government cautious on new projects
15 September 2016

Since the National League for Democracy-led government in Myanmar took office over five months ago, the government has not permitted any new business investment projects in Mon State, according to Mon State Government, claims Mon News Agnecy.

So far, during the new government’s term, over 100 companies, including social development groups, financial loan companies and foreign investors, have met with the Mon State Government.

The June Cement Industry Ltd is the last company that received approval from the Thein Sein Government on 25 March 2016, one week before it left office. June Cement Industry has started building its second cement factory in the Pyar Taung area near Maekaro-Kawdon Village in Kyaikmaraw Township, Mon State, after gaining permission from the Myanmar Investment Commission.

MCL Cement began building a mini cement factory in Kyaikmaraw Township in May. It is due to start operations by the middle of the year and will produce 5000tpa of cement.

Published under Cement News