Cotton demand to rise in Myanmar as textile plants reopen

The demand for cotton in Myanmar is expected to rise and production likely to double with the reopening of government textile factories this year, say traders. Government-owned and private factories have ordered up to 4.08 million kg since the start of the July-September cotton production season and traders have sold out all their stock. Textile […]

Industry Ministry tests home-grown affordable ambulances

The Ministry of Industry is testing whether affordable ambulances it is building meet the requirements of a tender put out by hospitals. “We have manufactured two ambulance designs,” said Dr Toe Naing. “One is being tested. We expect that one will go into production in about two months’ time. We aim to produce affordable ambulances. […]

Foreign investors permitted full ownership of more businesses

The Myanmar Investment Commission (MIC) has expanded the list of businesses that can be owned 100 per cent by foreign investors, as the country aims to attract more foreign investment. In an August 14 directive, the MIC – which oversees foreign investment in the country – said that foreign investors with joint ventures in 30 […]