Report says Yangon among best places to do business in Myanmar

Yangon, Sagaing, Bago and Nay Pyi Taw have emerged as the best environments in which to do business in Myanmar, according to the Myanmar Business Environment Index 2020 (MBEI). The Asia Foundation released the MBEI 2020 on December 11. This year’s report is the second after it was first launched in 2019. The MBEI is […]

Myanmar govt faces setbacks in enforcing compliance with EITI database

The government says it lacks the mechanisms to force companies to disclose ownership information through a public registry, which are part of recent measures to clean up corruption in the extractive industry. Myanmar’s Extractive Industries Transparency Initiative (EITI) unit, a government body under the finance ministry, held a press conference on February 28 to address […]

Sourcing garment from low labour cost countries – post significantly higher risk

Businesses with supply chains and operations in Myanmar, Bangladesh and Cambodia are benefiting from the world’s lowest labour costs – but may also be exposed to the highest risks, a new global ranking suggests. While there’s no doubt the cost competitiveness of these labour markets is extremely attractive, it may be offset by the risks posed […]

Gap Report Outlines Issues With Sourcing in Myanmar

As the first American retailer to resume sourcing in Myanmar since U.S.-levied sanctions were eased following the country’s military rule, Gap Inc. elected to publish a report evaluating its supply chain risks to paint a picture of local conditions and aid in development of responsible sourcing practices for the Southeast Asian nation. In a voluntary […]