Consumer Spending and Poor Online Shopping Rates Push Retail Space to the Brink

Retail space in Yangon is getting sparse as more stores, both local and foreign, establish themselves in the city to cater to the growing middle class’ retail shopping needs. Shopping malls across the city have and continue to upgrade in anticipation of new projects as consumer spending in Myanmar continues to increase and caters to […]

Myanmar adds new factory per week as textile sector booms

The international textile sector has discovered Myanmar. Low wages, plentiful labour and an image problem in neighbouring Bangladesh after the 2013 Rana Plaza building collapse have all boosted the emerging country’s chances. Yangon- Green collars piled to one side, white polo shirts to the other – the young woman handles them with practised ease, creating […]

Myanmar an option for Indian textile entrepreneurs

Favourable government policies, low wages, shorter sea route and growing garment exports make Myanmar an attractive option for Indian textile entrepreneurs, says Rajesh Kumar Shah The garment sector in Myanmar has grown enormously since the lifting of economic sanctions by Western nations in 2012, after a gap of 15 years. Today, it employs over 250,000 […]

Adidas Starts Sourcing from Myanmar

Myanmar has made its first appearance in the German sportswear retailer Adidas Group’s recently published Global Factory List, a list of all factories which manufacture products for the group. With the lifting of international trade sanctions against Myanmar, the garment industry has seen a boom in investments. American clothing giant GAP in June last year […]

Branded footwear maker plans operation in Myanmar

Taiwan-based Pou Chen Group, the world’s largest contract manufacturer of footwear by shipments, will invest US$100 million to set up a manufacturing base in Myanmar, the company’s Myanmar director said. Ou Chin-Nan said the footwear factory would manufacture internationally known brands – Adidas and Nike – for export. Located in Yangon, the new plant will […]