Myanmar raises trade target, aims to grow agri-exports this year

Myanmar is forecasting higher trade volumes in fiscal 2020-21 compared to the previous year despite potential setbacks from COVID-19, said U Khin Muang Lwin, assistant secretary from the Ministry of Commerce under the National League of Democracy government. The ministry is expecting trade volumes to reach US$34.7 billion in the current fiscal year, with exports […]

Covid-19: Thousands of garment workers lose jobs across Asia

Owing to the Covid-19 pandemic, the western brands have cancelled orders worth billions of dollars. As a result, hundreds of factories closed in waves across Asian industrial belts near Phnom Penh, Dhaka and Yangon. Hundreds of thousands of garment workers in Asia, a vast majority of them being women, were suspended or laid off when […]

Investor interest in Myanmar garment sector still strong despite lower exports

Foreign investor interest in the garment manufacturing sector is still strong despite a fall in the volume of garment exports in fiscal 2019-20, according to the government. Of the 178 foreign enterprises endorsed by the Myanmar Investment Commission (MIC) and permitted to invest in Myanmar between October 1 and May 31, more than three quarters […]

Garment manufacturers show enthusiasm to turn to mask, PPE production

The foreign direct investments keep flowing into the country amid the COVID-19 crisis, and some garment manufacturers eye production of the mask and PPE (Personal Protective Equipment), which are the basic health and safety requirements during the pandemic, said Director-General U Thant Sin Lwin of the Directorate of Investment and Company Administration (DICA). “The foreign […]

Provide aid to foreign-owned garment businesses also: ambassador

South Korean and Chinese stakeholders in Myanmar are urging the authorities to review the possibility of providing a stimulus package for foreign investors in the local garment industry at a time when the supply of raw materials has stalled and importers from the West have begun to cut orders from Myanmar’s factories. Myanmar’s manufacturing industry […]

Protests at garment factories in Myanmar called off

Protests at all factories under the Federation of Garment Workers Myanmar (FGWM) and where disputes have erupted between employers and workers, have been closed, said Ma Moe Sandar Myint, acting head of the FGWM. “Protests were staged at six factories which are under our federation but these have since dispersed. We made temporary closures to […]

More woes for Myanmar garment industry as EU cancels orders

Update: More garment factories stopped operations in Myanmar as European Union countries, a major export market, cancelled orders last week amid the spread of the COVID-19 pandemic, a senior industry leader said. U Myint Soe, chair of Myanmar Garment Manufacturers Association (MGMA), said the EU market accounts for 70 percent of the country’s garment export. […]

Deadlock over April factory shutdown plan as garment orders dry up

Labour unions want garment factories to suspend operations this month to help prevent the spread of coronavirus at workplaces, but most employers are resisting the idea because of uncertainty over how long the shutdown might last. By KYAW YE LYNN | FRONTIER “Imagine how bad the situation would be if one of us here was […]

Thousands of Myanmar garment workers go on strike to save jobs

Thousands of Myanmar garment workers went on strike in Yangon in a bid to halt imminent layoffs amid production slowdown due to the COVID-19 pandemic, a union leader said. Ko Htet Aung, from Myanmar Industries Craft and Services Trade Union Federation (MICF), said the workers began their protest on Thursday at South Dagon Industrial Zone […]

Virus outbreak in EU may impact Myanmar garment exports

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. […]