MIC Recommends Constructing Garment Factories in Sittwe

​​ RANGOON — The Myanmar Investment Commission (MIC) recommended constructing garment factories in Sittwe Township’s Ponnakyun town, according to a statement released last week. The statement was a response to the Central Committee for Implementation of Peace and Development in Arakan State—formed last year and led by State Counselor Daw Aung San Suu Kyi—that asked […]

Rakhine shrimp farmers chase European markets

Improved market access leads to Rakhine shrimp farm resurgence though declining yields remain a concern Former shrimp farmers in Rakhine State are restarting long-dormant businesses following encouraging rule changes in the European Union, though many claim yields have diminished because of environment degradation and illegal fishing. The EU announced improved market access for Myanmar fishery […]