The permitted factories in Mandalay Industrial Zone, which meets A-level practices in coronavirus containment measures, will be taken action for a shutdown if they are found not to comply with health regulations during surprise inspections, Mandalay Industrial Zone Management Committee stated. The factories and workplaces, which meet health criteria (Level A) set by the Ministry […]
Action to be taken against permitted A-level factory unless complied with regulations
December 18, 2020 by
More than 100,000 apply for QR code to travel in Yangon
October 1, 2020 by
More than 100,000 have applied for the QR pass code in Yangon, which allows the holder to travel from one township to another amid a region-wide stayhome order. The QR code is issued only for businesses and there are more than hundreds of thousands of applicants to date, said U Aye Win, general secretary of […]
MPIE: A state enterprise success story
June 28, 2019 by
With new facilities, imported equipment and foreign expertise, a state-owned enterprise is expanding its pharmaceutical business – and even moving into export markets. Pointing to a tablet-coating machine, a woman employee in protective clothing proudly notes that no other pharmaceutical maker in the country has such advanced equipment. “This is imported from Germany and is […]
Business Community Counters Gov’t Reasons for Kyat Depreciation
September 26, 2018 by
While Myanmar’s government has blamed currency manipulation and the trade war between the United States and China for the record depreciation of the kyat against US dollar, business circles are pointing out the Myanmar government’s mismanagement and the Central Bank of Myanmar’s poor performance. The kyat-dollar exchange rate has increased steeply from 1,344 kyats per […]
Duterte: Myanmar should use the many opportunities for education and training that Philippines offer
March 23, 2017 by
In his address Duterte, stressed the importance of inclusive economic growth in the region. “In trade and investment, we must sustain our growth rates so that everyone, I mean everyone in our societies enjoy the blessings of prosperity.” Duterte pointed out that previous areas of cooperation have been rather fruitful for both sides in the […]
Local, foreign firms to upgrade Yangon pharmaceutical factory
February 27, 2015 by
YANGON – To boost medicine production, Myanmar’s Ministry of Industry plans to upgrade Pharmaceutical Factory No 1 in Yangon in cooperation with local and overseas companies. At present, entrepreneurs in Myanmar and abroad can bid for contracts to build the facility and install equipment. Interested companies must send an Expression of Interest (EOI) to the […]
Myanmar Firms Feel Pinch From Abroad
August 3, 2013 by
YANGON, Myanmar—The world’s biggest consumer companies are flocking to Myanmar, filling the once-pariah nation and its backward economy with goods previously unavailable to its 60 million people. But not everyone is happy. Some of the country’s biggest conglomerates—plugging away at the cash-strapped market for decades and fighting hard to grow despite crippling Western sanctions—are now […]
Foreigners can invest in Pharmaceutical in Myanmar
March 8, 2013 by
Myanmar Investment Commission on 27th February has approved 4 foreign joint investment for manufacturing household medicines, drugs, pharmaceutical equipments and traditional medicines on February 27. Many businesses which are beneficial to the public like medicines, fishing, cosmetics and garments have been permitted during this time meeting although MIC had allowed cigarettes, beer and alcoholic beverages […]
