Rakhine State Gov’t offers assistance to investors

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Rakhine State Chief Minister U Nyi Pu addresses the Rakhine State Investment Committee Meeting 1/2019 in Sittway yesterday. Photo: Tin Tun (IPRD)

Rakhine State Chief Minister U Nyi Pu has offered the regional government’s assistance to potential investors to Rakhine State as the government is inviting investment for the development of the State.
The Chief Minister made the comment at the Rakhine State Investment Committee Meeting 1/2019 in Sittway yesterday.
Speaking at the meeting, U Nyi Pu, in his capacity as the Chairman of the Investment Committee, (RSIC), said the Rakhine State Government is inviting investments for the development of the state and will
have to oversight the operations and developments of the companies in accord with the agreements that are applicable to the State.
He also stressed the importance of granting permits to further companies in accord with the rules and regulations.
Afterward, Dr. Htoo Min Thein, Director of the Directorate of Investment and Company Administration, and also the secretary of
the committee explained and reported matters related to status of implementations on the resolutions of the meeting of 4/2018 and three investments of a one hundred per cent owned by Myanmar citizen which reported in the meeting of 1/2019.
The Chief Minister and committee members suggested and discussed on the reports.
The Chief Minister and committee members gave the investment permits to Su Htoo San Company Limited, U Soe Khant and Family Company Limited, and Shwe Hlyan Phyo Company Limited which got endorsement permit from RSIC.

 

—Tin Tun (IPRD) (Translated by Myat Thandar Aung)

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