EU Myan Ku Fund for garment workers extended amid coronavirus economic fallouts

Doubling support to 10 million euro, the EU Myan Ku Fund has been extended to help the tens of thousands of mostly unemployed women migrant workers in the sector amid the global economic crisis. The EU Myan Ku Fund’s extension phase is planned to operate from January 2021 until February 2022. Financial support for laid-off […]

Myanmar replies to Japan’s offer for cooperation in Dawei SEZ

Myanmar welcomes Japan’s offer to invest in the Dawei Special Economic Zone project in Tanintharyi Region, according to the Dawei SEZ Management Committee. An official reply from the Ministry of Foreign Affairs has been sent to Japan. Japan on November 5 offered to invest in the long delayed Dawei SEZ, expected to be Southeast Asia’s […]

Yangon CM says region economy run by over 30,000 MSME businessmen

Yangon Region Chief Minister Phyo Min Thein said that there were over 30,000 businesses of Micro, Small, Medium Enterprises (MSMEs) registered as business entities in the Yangon Region and they run the region’s economy. “We compiled the list of these businesses by using digital technology. Over 30,000 businesses are registered in the region and our […]

Japan tire companies to buy raw rubber products from Myanmar

Japan tire companies are planning to import raw rubber from Myanmar, sources say. Japan needs approximately 700,000 to 800,000 tons of rubber per year for its tire companies. Technicians from Japan will provide technical aid to the Myanmar rubber industry to match Japan market standards. Japan has planned to buy the rubber once it matches […]