US carmaker Tesla’s megafactory in Shanghai has kicked off trial production seven months after its construction started, according to Tesla China on Tuesday.
The company told Xinhua Tuesday that the factory is dedicated to manufacturing Tesla’s energy-storage batteries, Megapack, whose mass production is expected to fully start in the first quarter of 2025.
US carmaker Tesla’s megafactory in Shanghai has kicked off trial production seven months after its construction started, according to Tesla China on Tuesday.
The company told Xinhua Tuesday that the factory is dedicated to manufacturing Tesla’s energy-storage batteries, Megapack, whose mass production is expected to fully start in the first quarter of 2025.
The project, Tesla’s second plant in Shanghai, underscores the US company’s commitment to investing in the world’s second-largest economy, defying the rhetoric of “decoupling” and “de-risking” from China ratcheted up by some American politicians.
The plant construction set a new record of “Tesla speed” in China, as Gigafactory, Tesla’s first plant in the eastern Chinese financial hub, was built and inaugurated within a year in 2019.
The new factory is built with an initial capacity of producing 10,000 units annually, equal to around 40 GWh of energy storage. Covering an area of ap proximately 200,000 square metres, the new plant represents a total investment of around 1.45 billion yuan (about US$201.7 million), according to the ad ministration of the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone. — Xinhua
Source: Global New Light of Myanmar
US carmaker Tesla’s megafactory in Shanghai has kicked off trial production seven months after its construction started, according to Tesla China on Tuesday.
The company told Xinhua Tuesday that the factory is dedicated to manufacturing Tesla’s energy-storage batteries, Megapack, whose mass production is expected to fully start in the first quarter of 2025.
The project, Tesla’s second plant in Shanghai, underscores the US company’s commitment to investing in the world’s second-largest economy, defying the rhetoric of “decoupling” and “de-risking” from China ratcheted up by some American politicians.
The plant construction set a new record of “Tesla speed” in China, as Gigafactory, Tesla’s first plant in the eastern Chinese financial hub, was built and inaugurated within a year in 2019.
The new factory is built with an initial capacity of producing 10,000 units annually, equal to around 40 GWh of energy storage. Covering an area of ap proximately 200,000 square metres, the new plant represents a total investment of around 1.45 billion yuan (about US$201.7 million), according to the ad ministration of the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone. — Xinhua
Source: Global New Light of Myanmar
Around $16 billion in remittances were sent to Vietnam this year, roughly the same as last year, according to the government.
The figure, which came from nearly 6 million Vietnamese residing in 130 countries and territories, contributed to many economic, scientific, educational and healthcare activities in Vietnam, Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son said in an interview Thursday.
Last year the $16 billion remittances marked a new record for Vietnam after a period of slow growth due to the impact of Covid-19.
Around $16 billion in remittances were sent to Vietnam this year, roughly the same as last year, according to the government.
The figure, which came from nearly 6 million Vietnamese residing in 130 countries and territories, contributed to many economic, scientific, educational and healthcare activities in Vietnam, Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son said in an interview Thursday.
Last year the $16 billion remittances marked a new record for Vietnam after a period of slow growth due to the impact of Covid-19.
Son said that remittances were among the key factors contributing to the development of Vietnam this year, along with 421 foreign direct invested projects with a combined registered capital of $1.72 billion.
Vietnam will continue to refine its policies and legal framework to foster stronger connections between overseas Vietnamese and their homeland, he said.
Comprehensive and long-term measures will be implemented to support and develop the Vietnamese community abroad, he added.
Efforts are underway to simplify administrative procedures, making it easier for overseas Vietnamese to return to Vietnam to live, invest, and conduct business, he said.
The government is also leveraging information technology to enhance community connectivity and to nurture and develop overseas Vietnamese talent, he added.
The Deputy Prime Minister expressed confidence that overseas Vietnamese communities will continue to maximize their potential, grow stronger, and strengthen ties with the homeland, contributing significantly to the country's development in the coming years.
Economic diplomacy continues to play a pivotal role in Vietnam's overall economic success. The country’s total trade turnover is projected to reach a record $800 billion this year.
Vietnam remains one of the world's leading recipients of foreign direct investment. Additionally, the first 11 months of 2024 saw over 15.8 million international tourists visiting Vietnam, marking a 44% increase compared to the same period in 2023.
Source: VN Express International
Around $16 billion in remittances were sent to Vietnam this year, roughly the same as last year, according to the government.
The figure, which came from nearly 6 million Vietnamese residing in 130 countries and territories, contributed to many economic, scientific, educational and healthcare activities in Vietnam, Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son said in an interview Thursday.
Last year the $16 billion remittances marked a new record for Vietnam after a period of slow growth due to the impact of Covid-19.
Son said that remittances were among the key factors contributing to the development of Vietnam this year, along with 421 foreign direct invested projects with a combined registered capital of $1.72 billion.
Vietnam will continue to refine its policies and legal framework to foster stronger connections between overseas Vietnamese and their homeland, he said.
Comprehensive and long-term measures will be implemented to support and develop the Vietnamese community abroad, he added.
Efforts are underway to simplify administrative procedures, making it easier for overseas Vietnamese to return to Vietnam to live, invest, and conduct business, he said.
The government is also leveraging information technology to enhance community connectivity and to nurture and develop overseas Vietnamese talent, he added.
The Deputy Prime Minister expressed confidence that overseas Vietnamese communities will continue to maximize their potential, grow stronger, and strengthen ties with the homeland, contributing significantly to the country's development in the coming years.
Economic diplomacy continues to play a pivotal role in Vietnam's overall economic success. The country’s total trade turnover is projected to reach a record $800 billion this year.
Vietnam remains one of the world's leading recipients of foreign direct investment. Additionally, the first 11 months of 2024 saw over 15.8 million international tourists visiting Vietnam, marking a 44% increase compared to the same period in 2023.
Source: VN Express International
CHINA has encouraged four of its pillar industries to open their environmental protection facilities to the public in its latest move towards green development, with similar efforts having yielded positive results.
CHINA has encouraged four of its pillar industries to open their environmental protection facilities to the public in its latest move towards green development, with similar efforts having yielded positive results.
Pei Xiaofei, spokesperson for the Ministry of Ecology and Environment, told a Tuesday press conference that the ministry has issued guidelines directing the petrochemicals, power, steel and building materials industries to open their environmental protection facilities to the public, either by permitting public visits or offering live video tours.
The ministry’s latest move is expected to do more to stimulate enthusiasm and initiative among the public to protect the environment, and to promote the healthy and orderly development of related industries, Pei said.
Since 2017, the ministry and other relevant authorities have been promoting the opening of four environmental protection facility categories to the public: environmental monitoring, urban wastewater treatment, urban household waste treatment, and hazardous, electrical and electronic waste disposal, Pei said.— Xinhua
Source: The Global New Light of Myanmar
CHINA has encouraged four of its pillar industries to open their environmental protection facilities to the public in its latest move towards green development, with similar efforts having yielded positive results.
Pei Xiaofei, spokesperson for the Ministry of Ecology and Environment, told a Tuesday press conference that the ministry has issued guidelines directing the petrochemicals, power, steel and building materials industries to open their environmental protection facilities to the public, either by permitting public visits or offering live video tours.
The ministry’s latest move is expected to do more to stimulate enthusiasm and initiative among the public to protect the environment, and to promote the healthy and orderly development of related industries, Pei said.
Since 2017, the ministry and other relevant authorities have been promoting the opening of four environmental protection facility categories to the public: environmental monitoring, urban wastewater treatment, urban household waste treatment, and hazardous, electrical and electronic waste disposal, Pei said.— Xinhua
Source: The Global New Light of Myanmar
SUZUKI’S newly introduced Ertiga Hybrid may affect the car market depending on the price it will be officially released in Myanmar, said U Kyaw Swa Tun Myint, general secretary of the Myanmar Automobile Manufacturers and Distributors Association (MAMDA).
Suzuki Myanmar has announced that the pre-tax and pre-license-fee price of the car is set at K 105 million, and details can be inquired at official showrooms.
SUZUKI’S newly introduced Ertiga Hybrid may affect the car market depending on the price it will be officially released in Myanmar, said U Kyaw Swa Tun Myint, general secretary of the Myanmar Automobile Manufacturers and Distributors Association (MAMDA).
Suzuki Myanmar has announced that the pre-tax and pre-license-fee price of the car is set at K 105 million, and details can be inquired at official showrooms.
“The Suzuki Ertiga was launched from the factory today (24 December). The price is affordable and reasonable, so I would like to thank and welcome Suzuki Myanmar. How it will affect the car market can only be determined after we know their sale price. It may have an impact on the car market,” he said.
If the Ertiga Hybrid model is sold at showrooms for more than K100 million, the high-trend domestic market may change to a lower one, but there won’t be any sharp rise or fall in car prices, he said.
In the current car market, transactions are normal, and cars, which are priced above their reasonable price, are being sold at a reduced price. — MT/ZN
Source: The Global New Light of Myanmar
SUZUKI’S newly introduced Ertiga Hybrid may affect the car market depending on the price it will be officially released in Myanmar, said U Kyaw Swa Tun Myint, general secretary of the Myanmar Automobile Manufacturers and Distributors Association (MAMDA).
Suzuki Myanmar has announced that the pre-tax and pre-license-fee price of the car is set at K 105 million, and details can be inquired at official showrooms.
“The Suzuki Ertiga was launched from the factory today (24 December). The price is affordable and reasonable, so I would like to thank and welcome Suzuki Myanmar. How it will affect the car market can only be determined after we know their sale price. It may have an impact on the car market,” he said.
If the Ertiga Hybrid model is sold at showrooms for more than K100 million, the high-trend domestic market may change to a lower one, but there won’t be any sharp rise or fall in car prices, he said.
In the current car market, transactions are normal, and cars, which are priced above their reasonable price, are being sold at a reduced price. — MT/ZN
Source: The Global New Light of Myanmar
MYANMAR handmade rattan products have been popular in Mandalay, according to rattan products trading market.
Currently, pillows and hats made of rattan have been sold well and the number of rattan customers have grown as rattan products have good quality.
MYANMAR handmade rattan products have been popular in Mandalay, according to rattan products trading market.
Currently, pillows and hats made of rattan have been sold well and the number of rattan customers have grown as rattan products have good quality.
“Rattan pillows and rattan hats are now best-seller items. Price of rattan products are high and their quality is good, making the number of customers grown. And rattan table, rattan chair and rattan flower vest shelf are now widely used by restaurants and hotels. Rattan bed and rattan throne are also bought for donation to monasteries. In Mandalay, the number of rattan product customers is large,” said a rattan products trader in Chanmyathazi Townhsip.
In Myanmar, rattan is made into consumer products, household products and decoration accessories for hotels and restaurants as Myanmar traditional handicrafts and not only in domestic market, rattan products have also gained popularity abroad, according to the local rattan industry.
Organized by Bago Region Government, a basic course on rattan and bamboo handicraft making technique was conducted in this year, aiming to help the local handicraft industry to be able produce value-added products, enhance the livelihood of families and improve job opportunities. — Thit Taw/ZS
Source: The Global New Light of Myanmar
MYANMAR handmade rattan products have been popular in Mandalay, according to rattan products trading market.
Currently, pillows and hats made of rattan have been sold well and the number of rattan customers have grown as rattan products have good quality.
“Rattan pillows and rattan hats are now best-seller items. Price of rattan products are high and their quality is good, making the number of customers grown. And rattan table, rattan chair and rattan flower vest shelf are now widely used by restaurants and hotels. Rattan bed and rattan throne are also bought for donation to monasteries. In Mandalay, the number of rattan product customers is large,” said a rattan products trader in Chanmyathazi Townhsip.
In Myanmar, rattan is made into consumer products, household products and decoration accessories for hotels and restaurants as Myanmar traditional handicrafts and not only in domestic market, rattan products have also gained popularity abroad, according to the local rattan industry.
Organized by Bago Region Government, a basic course on rattan and bamboo handicraft making technique was conducted in this year, aiming to help the local handicraft industry to be able produce value-added products, enhance the livelihood of families and improve job opportunities. — Thit Taw/ZS
Source: The Global New Light of Myanmar
THE World Bank reported that the Israeli war on the Gaza Strip has destroyed approximately 93 per cent of the branches of banks operating in the territory after 15 months of continuous conflict.
THE World Bank reported that the Israeli war on the Gaza Strip has destroyed approximately 93 per cent of the branches of banks operating in the territory after 15 months of continuous conflict.
In a report distributed in Jerusalem, the World Bank added that the war has also destroyed 88 per cent of microfinance institutions, most money exchange services, and eight per cent of insurance companies. The report noted that only three out of 94 ATMs are currently operational across the Gaza Strip, according to consistent data from the World Bank and the Palestinian Monetary Authority.
The report highlighted that Palestinians in Gaza are struggling to pay for basic goods and services, including food and medicine, while the disruption to the banking system hampers private sector efforts to resume production, create job opportunities, and pay employee salaries. — ANI
Source- The Global New Light of Myanmar
THE World Bank reported that the Israeli war on the Gaza Strip has destroyed approximately 93 per cent of the branches of banks operating in the territory after 15 months of continuous conflict.
In a report distributed in Jerusalem, the World Bank added that the war has also destroyed 88 per cent of microfinance institutions, most money exchange services, and eight per cent of insurance companies. The report noted that only three out of 94 ATMs are currently operational across the Gaza Strip, according to consistent data from the World Bank and the Palestinian Monetary Authority.
The report highlighted that Palestinians in Gaza are struggling to pay for basic goods and services, including food and medicine, while the disruption to the banking system hampers private sector efforts to resume production, create job opportunities, and pay employee salaries. — ANI
Source- The Global New Light of Myanmar
YOUNG startup Databricks, which specializes in scaling and building artificial intelligence, said Tuesday it raised $10 billion, bringing the company’s valuation to $62 billion.
The blockbuster funding round is yet another signal of the unrelenting appetite from investors for potential AI stars. Investors listed as taking part in the funding round included tech sector powerhouses Andreessen Horowitz and Thrive Capital.
YOUNG startup Databricks, which specializes in scaling and building artificial intelligence, said Tuesday it raised $10 billion, bringing the company’s valuation to $62 billion.
The blockbuster funding round is yet another signal of the unrelenting appetite from investors for potential AI stars. Investors listed as taking part in the funding round included tech sector powerhouses Andreessen Horowitz and Thrive Capital.
“This round of financing was heavily oversubscribed, and we are delighted to welcome some of the world’s most renowned investors, who share a deep conviction in our vision,” Databricks co-founder and chief executive Ali Ghodsi said in a release. “We are still in the early stages of the AI Era.” Founded in 2013 by students at the University of California, Berkeley, Databricks runs a cloudbased platform for companies to take advantage of artificial intelligence, including for data management. — AFP
Source- The Global New Light of Myanmar
YOUNG startup Databricks, which specializes in scaling and building artificial intelligence, said Tuesday it raised $10 billion, bringing the company’s valuation to $62 billion.
The blockbuster funding round is yet another signal of the unrelenting appetite from investors for potential AI stars. Investors listed as taking part in the funding round included tech sector powerhouses Andreessen Horowitz and Thrive Capital.
“This round of financing was heavily oversubscribed, and we are delighted to welcome some of the world’s most renowned investors, who share a deep conviction in our vision,” Databricks co-founder and chief executive Ali Ghodsi said in a release. “We are still in the early stages of the AI Era.” Founded in 2013 by students at the University of California, Berkeley, Databricks runs a cloudbased platform for companies to take advantage of artificial intelligence, including for data management. — AFP
Source- The Global New Light of Myanmar
The newly inaugurated Chancay-Shanghai direct shipping route not only strengthens trade ties between Peru and China but also promotes shared growth across Latin America, Asia and beyond. On Wednesday, the air at Shanghai Port was infused with the sweet fragrance of fresh fruit as a vessel from Peru’s Chancay Port docked, delivering a bounty of Peruvian agricultural delights, including grapes, avocados and blueberries. Since the launch of the Chancay Port in November, shipments between the two coastal cities have highlighted a promising future for trade across the Pacific.
The newly inaugurated Chancay-Shanghai direct shipping route not only strengthens trade ties between Peru and China but also promotes shared growth across Latin America, Asia and beyond. On Wednesday, the air at Shanghai Port was infused with the sweet fragrance of fresh fruit as a vessel from Peru’s Chancay Port docked, delivering a bounty of Peruvian agricultural delights, including grapes, avocados and blueberries. Since the launch of the Chancay Port in November, shipments between the two coastal cities have highlighted a promising future for trade across the Pacific. The direct route is expected to reduce shipping costs by at least 20 per cent, generate US$4.5 billion in yearly revenues for Peru, and create 8,000 direct jobs. The operation of the port, a flagship Belt and Road cooperation project be tween China and Peru, demonstrates the two nation’s commitment to free trade amid rising trade protectionism. Before Chancay Port’s opening, Peru’s exports to China had to pass through other regions. The new port, able to handle large container ships, cuts shipping times to 23 days. — Xinhua
Source: GNLM
The newly inaugurated Chancay-Shanghai direct shipping route not only strengthens trade ties between Peru and China but also promotes shared growth across Latin America, Asia and beyond. On Wednesday, the air at Shanghai Port was infused with the sweet fragrance of fresh fruit as a vessel from Peru’s Chancay Port docked, delivering a bounty of Peruvian agricultural delights, including grapes, avocados and blueberries. Since the launch of the Chancay Port in November, shipments between the two coastal cities have highlighted a promising future for trade across the Pacific. The direct route is expected to reduce shipping costs by at least 20 per cent, generate US$4.5 billion in yearly revenues for Peru, and create 8,000 direct jobs. The operation of the port, a flagship Belt and Road cooperation project be tween China and Peru, demonstrates the two nation’s commitment to free trade amid rising trade protectionism. Before Chancay Port’s opening, Peru’s exports to China had to pass through other regions. The new port, able to handle large container ships, cuts shipping times to 23 days. — Xinhua
Source: GNLM
YANGON Region Gold Entrepreneurs Association (YGEA) notified necessary documents for seeking a gold trading licence, including a bank statement with 25 per cent of the total assets mentioned.
YANGON Region Gold Entrepreneurs Association (YGEA) notified necessary documents for seeking a gold trading licence, including a bank statement with 25 per cent of the total assets mentioned.
Applicants must fill out the stipulated Form 2 completely, copy of citizenship scrutiny card, resume with signature, bank statement signed by bank manager, declaration of maximum trading volume in (viss, tical, grams, troy ounce) measurement, recommendation letter of the respective township’s Department of General Administration, police clearance certificate, recommendation letter of Myanmar Gold Entrepreneurs Association or YGEA mentioning that individuals are members of the respective gold associations, ward administrator’s recommendation being a resident, tax clearance certificate, business licence granted by the respective municipal office, photo of the shop owners taken in front of the gold shop and photo of the gold products displayed inside the shops.
Those who fail to obtain a licence in line with the directive 055/2024 released on 25 October 2025 by the Ministry of Natural Resources and Environmental Conservation will face actions under Section 5 of the Essential Supplies and Services Law, declared through state-run newspapers on 30 October 2024.
Starting from 6 December, the daily gold reference price for a tical of pure gold (16.329325 grammes) with 19.25 grammes of the density of gold is announced through MRTV, MWD, the MoNREC website www.mining.gov.mm and the YGEA Facebook page.
Individuals are mandatory to apply for a licence within three months (18 November 2024-17 February 2025) and failure to do so is subject to legal action under Section 5 of the Essential Supplies and Services Law.
The Mineral (Gold) Reference Price Determination Committee sets daily gold reference prices at K5.33 million per tical of pure gold (16.329325 grammes) with 19.25 grammes of the density of gold on 18 December. — NN/KK
Source- The Global New Light of Myanmar
YANGON Region Gold Entrepreneurs Association (YGEA) notified necessary documents for seeking a gold trading licence, including a bank statement with 25 per cent of the total assets mentioned.
Applicants must fill out the stipulated Form 2 completely, copy of citizenship scrutiny card, resume with signature, bank statement signed by bank manager, declaration of maximum trading volume in (viss, tical, grams, troy ounce) measurement, recommendation letter of the respective township’s Department of General Administration, police clearance certificate, recommendation letter of Myanmar Gold Entrepreneurs Association or YGEA mentioning that individuals are members of the respective gold associations, ward administrator’s recommendation being a resident, tax clearance certificate, business licence granted by the respective municipal office, photo of the shop owners taken in front of the gold shop and photo of the gold products displayed inside the shops.
Those who fail to obtain a licence in line with the directive 055/2024 released on 25 October 2025 by the Ministry of Natural Resources and Environmental Conservation will face actions under Section 5 of the Essential Supplies and Services Law, declared through state-run newspapers on 30 October 2024.
Starting from 6 December, the daily gold reference price for a tical of pure gold (16.329325 grammes) with 19.25 grammes of the density of gold is announced through MRTV, MWD, the MoNREC website www.mining.gov.mm and the YGEA Facebook page.
Individuals are mandatory to apply for a licence within three months (18 November 2024-17 February 2025) and failure to do so is subject to legal action under Section 5 of the Essential Supplies and Services Law.
The Mineral (Gold) Reference Price Determination Committee sets daily gold reference prices at K5.33 million per tical of pure gold (16.329325 grammes) with 19.25 grammes of the density of gold on 18 December. — NN/KK
Source- The Global New Light of Myanmar
SENIOR General Min Aung Hlaing underlined that only when Myanmar uses cotton textiles in garment industries as well as exports them will the government reduce spending on foreign currency and earn foreign exchange.
A ceremony to inaugurate the 2/80 Thread Factory Branch of the Tatmadaw Textile Factory (Meiktila) took place at the venue yesterday morning, attended by Chairman of the State Administration Council Commander-in-Chief of Defence Services Senior General Min
Aung Hlaing.
SENIOR General Min Aung Hlaing underlined that only when Myanmar uses cotton textiles in garment industries as well as exports them will the government reduce spending on foreign currency and earn foreign exchange.
A ceremony to inaugurate the 2/80 Thread Factory Branch of the Tatmadaw Textile Factory (Meiktila) took place at the venue yesterday morning, attended by Chairman of the State Administration Council Commander-in-Chief of Defence Services Senior General Min
Aung Hlaing.
Director Maj-Gen Win Myat of Ordnance Services of the Commander-in-Chief (Army) first reported to the Senior General on the construction of the factory branch.
The Senior General and dignitaries viewed a documentary video clip on the factory branch. Speaking on the occasion, the Senior General said that the 2/80 Thread Factory can produce 4,840 pounds of thread per day in its operation at full capacity. The thread can be used in the production of necessary textiles for the people and sell surplus threads to the market at fair prices, he added.
He unveiled that, currently, the factory manufactures necessary uniforms for Tatmadaw members and other textiles for the people. He emphasized that due to opening the 2/80 Thread Factory Branch, the Tatmadaw Textile Factory (Meiktila) will produce quality thread to meet local demand.
The Senior General noted that only when Myanmar uses cotton textiles at garment industries as well as exports them will the government reduce spending on foreign currency and earn foreign exchange. He explained that Tatmadaw Textile Factory (Meiktila) installed the necessary machinery to produce military apparel similar to international Tatmadaws.
He pointed out that Myanmar needs to systematically grow quality cotton to increase the per-acre yield of crops and produce advanced textiles.
On the other hand, he continued that cotton gins and textile factories must be upgraded to initiate the cotton-based industries.
The Senior General disclosed that Tatmadaw Textile Factory (Meiktila) manufactures military equipment for the entire Tatmadaw with the use of cotton wool while the newly-opened 2/80 thread factory will fulfil the clothing requirement of the nation.
The Senior General stressed the need to raise sown acreage of cotton and production of cotton wool. An official from China Texmatech Co Ltd handed over documents related to the factory to the factory manager.
The Senior General presented a fruit basket to an official from CTMTC Company while an official from the company presented a gift to the Senior General.
The Senior General gave gifts to the project chief engineer who supervised the machinery installation process. The Senior General viewed round cultivation of cotton crops, production of thread, and the products of the 2/80 Thread Factory Branch.
SAC Member Chief of the General Staff (Army, Navy and Air) General Maung Maung Aye, Commander-in-Chief (Navy) Admiral Htein Win, Commander-in-Chief (Air) General Tun Aung, Council Joint Secretary General Ye Win Oo and Council Member General Nyo Saw cut the ribbon to open the ceremony.
The Senior General sprinkled scented water on the signboard of the factory. The Senior General viewed round production line of thread
in the factory and gave necessary guidance to officials.
He presented cash awards for employees of the factory to an official. Also present at the ceremony were union-level dignitaries, union ministers, the Mandalay and Magway regional chief ministers, senior Tatmadaw officers from the Office of the Commander-in-Chief and officials.
Tatmadaw Textile Factory (Meiktila) was built in 1966-67 under the agreement between China and Myanmar governments so as to fulfil the clothing requirements of the people and reduce textile imports. The factory was handed over to the Directorate of Ordnance Services under the Commander-in-Chief (Army) on 1 October 1991.
Tatmadaw Textile Factory (Meiktila) manufactures uniforms for Tatmadaw members and Myanmar Police Force members as well as school uniforms and other textile products. The 2/80 Thread Factory Branch will produce quality thread and textiles to meet the demand of textile industries in the country to some extent. —MNA/TTA
Source- The Global New Light of Myanmar
SENIOR General Min Aung Hlaing underlined that only when Myanmar uses cotton textiles in garment industries as well as exports them will the government reduce spending on foreign currency and earn foreign exchange.
A ceremony to inaugurate the 2/80 Thread Factory Branch of the Tatmadaw Textile Factory (Meiktila) took place at the venue yesterday morning, attended by Chairman of the State Administration Council Commander-in-Chief of Defence Services Senior General Min
Aung Hlaing.
Director Maj-Gen Win Myat of Ordnance Services of the Commander-in-Chief (Army) first reported to the Senior General on the construction of the factory branch.
The Senior General and dignitaries viewed a documentary video clip on the factory branch. Speaking on the occasion, the Senior General said that the 2/80 Thread Factory can produce 4,840 pounds of thread per day in its operation at full capacity. The thread can be used in the production of necessary textiles for the people and sell surplus threads to the market at fair prices, he added.
He unveiled that, currently, the factory manufactures necessary uniforms for Tatmadaw members and other textiles for the people. He emphasized that due to opening the 2/80 Thread Factory Branch, the Tatmadaw Textile Factory (Meiktila) will produce quality thread to meet local demand.
The Senior General noted that only when Myanmar uses cotton textiles at garment industries as well as exports them will the government reduce spending on foreign currency and earn foreign exchange. He explained that Tatmadaw Textile Factory (Meiktila) installed the necessary machinery to produce military apparel similar to international Tatmadaws.
He pointed out that Myanmar needs to systematically grow quality cotton to increase the per-acre yield of crops and produce advanced textiles.
On the other hand, he continued that cotton gins and textile factories must be upgraded to initiate the cotton-based industries.
The Senior General disclosed that Tatmadaw Textile Factory (Meiktila) manufactures military equipment for the entire Tatmadaw with the use of cotton wool while the newly-opened 2/80 thread factory will fulfil the clothing requirement of the nation.
The Senior General stressed the need to raise sown acreage of cotton and production of cotton wool. An official from China Texmatech Co Ltd handed over documents related to the factory to the factory manager.
The Senior General presented a fruit basket to an official from CTMTC Company while an official from the company presented a gift to the Senior General.
The Senior General gave gifts to the project chief engineer who supervised the machinery installation process. The Senior General viewed round cultivation of cotton crops, production of thread, and the products of the 2/80 Thread Factory Branch.
SAC Member Chief of the General Staff (Army, Navy and Air) General Maung Maung Aye, Commander-in-Chief (Navy) Admiral Htein Win, Commander-in-Chief (Air) General Tun Aung, Council Joint Secretary General Ye Win Oo and Council Member General Nyo Saw cut the ribbon to open the ceremony.
The Senior General sprinkled scented water on the signboard of the factory. The Senior General viewed round production line of thread
in the factory and gave necessary guidance to officials.
He presented cash awards for employees of the factory to an official. Also present at the ceremony were union-level dignitaries, union ministers, the Mandalay and Magway regional chief ministers, senior Tatmadaw officers from the Office of the Commander-in-Chief and officials.
Tatmadaw Textile Factory (Meiktila) was built in 1966-67 under the agreement between China and Myanmar governments so as to fulfil the clothing requirements of the people and reduce textile imports. The factory was handed over to the Directorate of Ordnance Services under the Commander-in-Chief (Army) on 1 October 1991.
Tatmadaw Textile Factory (Meiktila) manufactures uniforms for Tatmadaw members and Myanmar Police Force members as well as school uniforms and other textile products. The 2/80 Thread Factory Branch will produce quality thread and textiles to meet the demand of textile industries in the country to some extent. —MNA/TTA
Source- The Global New Light of Myanmar