A few elites will benefit from reviving Dawei SEZ, but what about the rest? Civil society organisations demand authorities to halt the controversial Dawei project and rethink. CIVIL society organisations have demanded the authorities to reconsider the plans to revive the controversial Dawei Special Economic Zone (SEZ). They argued that a site-wide environment impact assessment […]
Investments, Solutions Needed on Back of Black Bean Price Collapse
January 4, 2018 by
Despite efforts to support the local bean industry after India imposed harsh restrictions on imports from Myanmar, businesses along the entire black bean supply chain have taken a hit and more investments are needed to support ailing farmers. While demand for mung beans and pigeon peas from China, Nepal and Pakistan has been able to […]
Myanmar’s Garment Industry is on a Growth Path
November 14, 2017 by
Myanmar is starting to get more attention and investment in the garment manufacturing sector, despite some persistent political and labor strife. Myanmar SUMEC Win Win Garments Co., a unit of SUMEC Textile and Light Industry Co., has opened a new factory in Shwe Pyi Thar Industrial Zone in Yangon, according to Asian press reports. Speaking […]
Myanmar’s largest Chinese-invested garment company launches new factory
November 6, 2017 by
YANGON, Oct. 27 (Xinhua) — Myanmar’s largest Chinese-invested garment company launched a new factory in Yangon on Friday. Myanmar SUMEC Win Win Garments Co., Ltd, Myanmar’s largest exporter in garment sector, and a branch of SUMEC Textile and Light Industry Co., officially started operating a new factory in Shwe Pyi Thar Industrial Zone in Yangon. […]
Car import permits down 60pc in 2017-18
September 14, 2017 by
Applications for the import of passenger vehicle is down by more than 5,000 so far this fiscal year compared to the same period in the previous fiscal year, said U Aung Htoo, deputy minister for Ministry of Commerce. The government has been trying to limit the import of cars to control traffic congestion in the […]
Officials Consider New Trade Zone on Indian Border
June 13, 2017 by
U Aung Htoo, deputy minister for commerce, told a parliamentary session in Nay Pyi Taw last week that Myanmar had held consultations with India on border trade. Myanmar’s western neighbour is among its most important trading partners, especially for agricultural goods. It is the largest buyer of beans and pulses from Myanmar’s farms. But the […]
More Economic Zones Needed to Boost Manufacturing: MIDA
June 13, 2017 by
Businesses and economists suggested that economic growth would depend on a growing manfacutring sector, liberalisation and revising the governing framework of different sectors. Deputy minister for the Ministry of Commerce, U Aung Htoo, said that the ministry would boost export and simplify procedures for trade and exports. The comments were made to follow up the […]
Rejoining Asia’s Rice Bowls
May 23, 2017 by
Rice is one of the major sectors prioritised by the Myanmar National Export Strategy. The Strategy was designed to fuel the country’s sustainable development through export promotion and was first launched in March 2015 under the previous administration. At one time, the country was the top rice exporter internationally until the Second World War. Subsequently, […]
