Myanmar Economy Can Grow 8.5 Percent This Year: IMF

YANGON — Myanmar’s economy should grow 8.5 percent during the current fiscal year, higher than earlier forecast thanks mainly to rising gas production and investment, the International Monetary Fund said on Tuesday. In January, the IMF predicted that Myanmar would have 7.7 percent growth during the fiscal year that ends March 2015. The fund left […]

Gap’s entry to Myanmar could bring more good tidings, MGMA says

Gap’s entry into Myanmar could attract more foreign buyers into the fledgling garment industry, thus improving work conditions and increasing employment for workers, the chairman of Myanmar Garment Manufacturers Association (MGMA) said on Monday. Retail giant Gap Inc announced on Saturday that they have started sourcing products from two South Korean-owned factories in Yangon, making […]