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NEWS UPDATES Asean Affairs     May 11, 2017  









Myanmar takes measures to control price manipulation in industrial zones

Myanmar authorities are introducing measures to minimize and eliminate price manipulation of industrial zones by constantly inspecting and supervising business operation there, official media reported Monday.

According to the Ministry of Industry, the legitimate entrepreneurs who want to run a business in an industrial zone have to buy land at an exorbitant price from those who have previously purchased the land but not started a business and instead are monopolizing the price of the property.

Some businessmen are reported to have bought the land plots for property speculation or for warehouse lease rather than for business use.

The phenomenon has sparked complaints about not having vacant land, causing production cost and commodity prices to rise.

In the wake of price manipulation of land in industrial zones, the authorities have introduced a rule and regulation stating that if businessmen fail to set up a business in an industrial zone during a prescribed time frame of six months, the government will confiscate the non-operational land bought.

There are 21 industrial zones across the country, of which nine are in Yangon with the biggest being Hlaingtharyar.

Meanwhile, Myanmar has been planning one more industrial zone in Maubin, the country's southwestern Ayeyawaddy region, which is designed to create job opportunities for 77,000 local people.

The Maubin industrial zone project is scheduled to complete within three years, earlier report said.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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