Yangon government earns over Ks159 million from cooperative enterprises

April 25, 2017

Yangon Region government earned over Ks159 million in revenue from cooperative enterprises this fiscal year, said U Myint Thaung, Regional Minister for Planning and Finance.

The government rented to the cooperative societies 34 rooms out of 116, which were nationalised in the days of the socialist regime. So, the government earned the revenue from those 34 rooms.

“Among 34 rooms, two rooms are being used as departmental offices, another two rooms are being used by the human settlement and housing development department, leaving only 30 rooms for the cooperative department. The revenue is credited to the regional government’s bank account,” said U Myint Thaung, Regional Minister from for Planning and Finance.

Out of 116 rooms, seven rooms are under lock and key, whereas another eleven rooms are regarded as dangerous. Those rooms are handed over to the privatisation commission. People who want to rent the remaining rooms can submit the applications to the privatisation commission according to the rules and regulations.

Ref; The Global New Light of Myanmar