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Since February, 38 factories have been closed in Hlaing Tharyar Industrial Zone and Shwe Thanlwin Industrial Zone in Hlaing Tharyar Township, leaving nearly 10,000 workers unemployed

Hlaing Tharyar Industrial Zone and Shwe Thanlwin Industrial Zone in Hlaing Tharyar Township have closed 38 factories since February, and nearly 10,000 workers lost their jobs, according to the Industrial Zone Committees on September 23. There are 29 factories in Hlaing Thar Yar Industrial Zone that have been temporarily closed since February. About 7,000 workers have lost their jobs as a result of the closure of the 29 factories, according to an official from the Hlaing Thar Yar Industrial Zone Committee. 

This year, 29 factories have been closed in Hlaing Thar Yar Industrial Zone. This year, starting in February. What they are submitting to us is that the block is temporarily closed. As for the salaries of the workers, if the factory closes, they will have to pay compensation. As far as it is concerned, about 7,000 workers have lost their jobs due to the closure of those 29 factories, said an official. Similarly, in Shwe Thanlwin Industrial Zone, there are nine factories that have been temporarily closed and closed. An official from the Shwe Thanlwin Industrial Zone Committee said that the closure of the nine factories had left nearly 3,000 workers unemployed.

In Shwe Thanlwin Industrial Zone, there were 12 closed factories. Of the 12 factories, only three have been reopened, with only nine remaining. From January this year until now. When it comes to workers’ salaries and wages, It is closed after clearing everything. Some factories are said to be closed, but others are temporarily closed. There are relocations. Add to that the closure of these factories, bringing the total number of unemployed to more than 2,000. Because some factories alone have about a thousand workers. Some factories are small. So, in total, more than 2,000. There are almost three thousand. It is an estimate, said an official from the Shwe Thanlwin Industrial Zone Committee. 

On September 21, the Myanmar Unique garment factory in Hlaing Tharyar Industrial Zone was temporarily closed due to a lack of orders. The factory has not received orders from the factory since 2020. Due to Kovis disease; According to a factory official, the factory will be temporarily closed from September 21 due to political reasons. The Myanmar Unique factory also had layoffs during the Kovis period, and the remaining workers were legally compensated when it was temporarily closed. The factory has been operating for about five years. Currently, there are more closed factories and more unemployed workers in Burma, according to labor representatives.     

Source: Daily Eleven

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Myanmar-Thailand bilateral border trade tops $3.7 bln this FY

Bilateral border trade between Myanmar and Thailand reached over US$3.7 billion as of 10 September in the present financial year 2020-2021 which started in October, the Ministry of Commerce’s trade data showed. The country’s export to Thailand totalled $2.44 billion while its import shared $1.29 billion during the period. This budget year’s figures decreased by $95 million, compared to the same period in the last fiscal year.

Myanmar mainly conducts border trade with neighbouring Thailand through seven border checkpoints—Tachilek, Myawady, Kawthoung, Myeik, Hteekhee, Mawtaung and Meisei gates. During the period, Myawady border gate topped with $1.79 billion trade. The country’s agricultural and fishery products are exported to Thailand while cosmetics, food products and machinery and raw industrial goods such as cement and fertilizers are imported.

The bilateral trade between Myanmar and Thailand stood at $3.7 billion in FY2020-2021 (as of September), $5.1 billion in FY2019- 2020, $5.5 billion in FY2018-2019, $2.9 billion in the mini-budget year of 2018 or transitional period from April to September this year, $5 billion in FY2017-2018, $4.3 billion in the 2016-2017FY, $4.8 billion in the 2015-2016FY, $5.7 billion in the 2014-2015FY, $5.6 billion in the 2013-2014FY, $4.7 billion in the 2012-2013FY, and $4.5 billion in the 2011-2012FY, according to the Myanmar Ministry of Commerce.

Source: The Global New Light of Myanmar