MIC calls on investors to join in rescue operations for emergency

z1 23

Myanmar Investment Commission asked the investors to coordinate disaster preparedness and response, and rescue operations, following the cyclone Mocha warning.
As per the weather forecast of the Department of Meteorology and Hydrology in the evening of 7 May, a low-pressure area was likely to form over the southeast Bay of Bengal on 8 May and then, it might intensify into a Cyclonic Storm over the Central Bay of Bengal and adjoining North Andaman Sea on 10 May. It may trigger isolated to scattered rain or thundershowers in Rakhine State, Yangon Region and Ayeyawady Region between 13 and 15 May.
Those investors of the enterprises permitted by the Myanmar Investment Commission or endorsed by the respective region and state investment committees are encouraged to draw disaster management action plans for the staff and their families and prepare industrial buildings for the cyclone hazards to mitigate the damage to property and equipment, the MIC notified.
Furthermore, the investors are urged to control the possible price increase in staple food and pharmaceuticals and ensure effective management to avoid a shortage of supplies in the market as the negative consequences of the cyclone, MIC requested. — NN/EM

Share this post
Hot News
Hot News
Asian Games Men’s Football: Myanmar to play decisive match against India today
Warmly welcome Kyat-Rouble payment system for both countries
Reduced demand, lower quality lead to onion price decline
Panko Corporation to ramp up investment in Myanmar’s apparel manufacturing sector
Double earthquakes shake Bago, Yangon regions in single day
Upcoming 1,000 Alms Food Offering Festival at Kyaikpaung Pagoda in Paung Township
26 teams participate in Meiktila traditional boat race of pagoda festival
K500,000 profit set for acre of low-grade monsoon paddy
MoI UM attends 7th AMRI+3 meeting in Viet Nam
MoIP UM tours Chinese resident ID card issuance process at Jinsa Police Station in Kunming