Insurance negotiations underway for Danyingon Wholesale Market fire
THE management board of Myanmar Agro
Exchange Public Co Ltd has announced that they will continue negotiations to receive
insurance compensation for the fire that broke out inside the Danyingon
Wholesale Market, as it is covered by fire insurance.
The fire occurred on 26 November in the
complex No 3, which sells general merchandise, dry goods, and kitchen
supplies, and affected seven shops, resulting in only minor losses. As all
market complexes are covered by fire insurance, negotiations with the insurance
company will continue to secure the compensation.
The Fire Services Department’s
assessment indicates that the cause of the fire was a short circuit from a
vendor’s inverter. The management board stated that they will increase fire
hazard education to prevent such incidents in the future.
Currently, the remaining shops in the
market building, excluding those damaged by the fire, have reopened as usual
since 27 November. — MT/ZN
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