Arrangements are being made to export Myanmar honey to the EU market, said U Aung Khaing Htwe, chair of the Myanmar Apiculture Association. “We are still making arrangements to export honey to the EU. I think we can export by the end of this year. We have completed 50 percent of the operations,” he said. […]
EU Myan Ku Fund pays over 45,000 Myanmarese workers
August 24, 2020 by
Myanmarese garment workers who have lost jobs due to the COVID-19 pandemic continue receiving financial assistance through a €5 million (7.9 billion MMK) European Union (EU) emergency cash fund ‘Myan Ku’. Between May 1 and August 3, halfway through the initiative, the fund has distributed emergency cash payments worth €2.5 million to 45,061 workers. The […]
EU puts Myanmar on money-laundering blacklist
May 15, 2020 by
The European Commission has added Myanmar to its list of states that pose high risks to the bloc’s financial system today (May 7) because of anti-money laundering and terrorism financing deficiencies. Cambodia, Barbados, Botswana, Ghana, Jamaica, Mongolia, Nicaragua and Zimbabwe are also included in the latest EU listing. Laos, Bosnia-Herzegovina, Ethiopia, Guyana, Sri Lanka and […]
Virus outbreak in EU may impact Myanmar garment exports
March 18, 2020 by
The spread of COVID-19 to some EU countries could impact demand for Myanmar-produced garments even as the supply of Chinese raw materials involved in the process becomes less volatile, said Daw Khine Khine Nwe, secretary general of the Myanmar Garment Manufacturers Association. More than 70 percent of Myanmar’s garment products are exported to the EU. […]
EU to send another monitoring mission to Myanmar, ambassador says
February 27, 2020 by
An EU monitoring mission is expected to visit Myanmar again before this summer following the EU commission’s decision to withdraw Cambodia’s market privileges in mid-February. Kristian Schmidt, the EU ambassador to Myanmar, told The Myanmar Times in an exclusive interview that he expects the mission to arrive before summer with an aim to examine and […]
‘EU to continue engaging with Myanmar under EBA trade-preference initiative’
February 18, 2020 by
The European Union (EU) says it will continue to engage with countries, including Myanmar, that fall under its Everything But Arms (EBA) trade initiative. EBA is an initiative under which all imports to the EU from the Least Developed Countries are duty-free and quota-free, with the exception of armaments. The initiative is part of the […]
EU to boost garment industry in Myanmar
December 16, 2019 by
The new phase of the European Union’s SMART Textile and Garments project will bring together brands, trade unions and business associations to boost social and environmental sustainability in Myanmar’s garment industry. The project, funded by the EU, was officially launched in Myanmar last Friday. The SMART Textile and Garments project will work with more than […]
Local Company Wins Gold Medal for Locally Produced Honey
November 14, 2019 by
Local company Smile Happy Co Ltd received recognition from the International Federation of Beekeepers’ Associations at the World Beekeeping Awards held during the 46th Apimondia Congress that took place in Montreal, Canada, in September. The company won a gold medal for its light-coloured honey during the event. “The company won the medal in Montreal for […]
Taking a Quantum Leap to Revamp Myanmar’s Economy
September 25, 2019 by
YANGON—Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy. State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as […]
