The Industrial Zone Law was enacted in May 2020 to revamp the operations and regulatory procedures of existing and future, industrial estates in Myanmar in the hopes of catching its more industrialised neighbours.To do so, clear and well thought out policy is essential to fix and improve Myanmar’s industrial parks that are beset by opaque […]
Rice prices jump in India; Bangladesh eyes import deal with Myanmar
September 14, 2017 by
BENGALURU (Reuters) – Rice prices in top exporter India rebounded this week, boosted by steady demand from Bangladesh which has been actively exploring fresh import deals with its neighbors and is looking to wrap up a major purchase from Myanmar. A Bangladeshi government delegation is in Myanmar to finalize a state-to-state deal, government officials said […]
More FDI essential for substantial increase in garment exports
August 11, 2017 by
The study called for an expansion of training in the garments sector to tackle shortages of high-level skill as well as complementary reforms in finance and trade policy. The briefing paper Foreign direct investment and economic transformation in Myanmar, written by Stephen Gelb, was published in June 2017 by Supporting Economic Transformation (SET). Funded by […]
Myanmar CMP Expected to Earn US $ 2 Billion for Garment Industry
February 16, 2017 by
Myanmar is expected to earn about US$ 1.855 billion from CMP (cutting, making and packaging) garment industry which includes the manufacturing of shoes, garment and bags, according to Ministry of Commerce. Export earnings from the garment industry through CMP has more than doubled since last year, according to the Ministry. “Myanmar has earned $1.4 […]
Timber export volumes may fall when new regulation introduced
January 30, 2017 by
Export volumes may fall when new regulation introduced The MyanmarTimes has reported that a spokesperson from the Ministry of Natural Resources and Environmental Conservation, U Win Zaw, has said the volume of timber that can be exported is likely to decline beginning May this year. The news item says “Only timber cut from logs sold […]
Myanmar garment manufacturers request tax exemption in FOB system
October 3, 2016 by
Myanmar garment entrepreneurs have requested the Ministry of Commerce and the Ministry of Planning and Finance to grant a tax exemption in the Free-on-Board (FOB) system to maintain Myanmar’s garment industry for the long term, it is learnt from the Myanmar Garment Entrepreneurs Association. Myanmar garment factories are currently operating under Cut,Make and Pack (CMP) […]
Korea-Myanmar venture to build 500-acre garment zone
August 24, 2016 by
A Korean firm and a local company have teamed up with a view to building free-on-board (FOB) garment factories on 500 acres of land through a 50-50 joint venture. Myanmar-based Olympus Asia Group and Korea’s Panko Corporation signed a memorandum of understanding on August 20 and are looking for land in Yangon, Bago or Ayeywarwady […]
