Myanmar is starting to get more attention and investment in the garment manufacturing sector, despite some persistent political and labor strife. Myanmar SUMEC Win Win Garments Co., a unit of SUMEC Textile and Light Industry Co., has opened a new factory in Shwe Pyi Thar Industrial Zone in Yangon, according to Asian press reports. Speaking […]
Prospect for manufacturing in Myanmar
August 21, 2014 by
YANGON — As chairman of the Hlaing Tharyar Industrial Zone, U Myat Thin Aung understands the challenges facing Myanmar’s manufacturing sector. Despite concerns about whether local manufacturers will be able to compete when the country becomes part of the Asean Free Trade Area next year, however, Hlaing Tharyar—Yangon’s largest industrial zone, with nearly 600 factories […]
Trade rebounds in May, says ministry
May 16, 2014 by
The recently reported downward trend in trade in Myanmar has bounced back during the second week of this month due to strong imports, according to a report from the Ministry of Commerce. The total trade volume between April 1 and May 9 of fiscal year 2014-15 showed US$2 billion — with US$ 1.48 billion from […]
Ford launches as govt revamps import rules
October 24, 2013 by
Industry observers said they welcomed the notice, which was obtained by The Myanmar Times last week, from the ministry’s Directorate of Trade outlining parameters for distributors to sell new cars in Myanmar though some added it is at most a first step and further clarification is required. Ford became one of the first among other […]
