Garment Exports Jump More Than Threefold in 2016-17FY

Garment sector’s export volume during the five months of 2016-17 reached $512 million compared with the same period last year, according to Ministry of Commerce. “Until September 9, garment export reached $745.49 million. Last year in this season, the export reached $232.81 million. In last year August, we aimed to boost the export volume, and […]

French business group seeks trade increase

The French Myanmar Chamber of Commerce and Industry is taking a delegation of local firms to France next month, and is planning to a hold a French fair in Yangon later this year as part of efforts to boost trade relations between the two nations. The aim of the trade mission is to help Myanmar companies […]

MGMA backs garment industry to boom when US sanctions are lifted

Myanmar’s leading garment industry body has been buoyed by the lifting of sanctions it hopes will see a return to the glory days for the sector, when in the early 2000s a majority of country’s garments were shipped to the US. Speaking at a manufacturing trade fair in Yangon yesterday, U Myint Soe, chair of […]

Lacoste makes Myanmar debut with Yangon Airport store

Lacoste has entered the Myanmar travel retail market with the opening of a store at Yangon Airport. The 100sq m store, located in the airport’s new Terminal 2, features Lacoste’s latest concept design. The brand said the store aims to offer a premium shopping experience to local and international travellers. Lacoste Asia Pacific Travel Retail […]

Myanmar-Korea textile zone to create 60,000 jobs

A five-hundred acre textile factory zone, which will reportedly create 60,000 employment opportunities for Myanmar workers, is reportedly to come to fruition through the concerted efforts of Myanmar and Korean business groups. The Myanmar Olympus Asia Developer Group and the Korean PANKO Corporation will be responsible for implementing the project which will see the production […]

Myanmar consumers trust quality of Thai products, survey finds

SANTIPHONG Pimolsaengsuriya, chief executive officer of Havas Riverorchid, a marketing communication specialist in the CLMV markets (Cambodia, Laos, Myanmar and Vietnam), said Myanmar’s potential was clear from a survey the group did in May. It involved 504 respondents in Myanmar, who rated their trust in products made locally and from major exporters including Thailand, Singapore, […]

Myanmar and Aireon to Collaborate on Space-Based Air Traffic Monitoring System

The Department of Civil Aviation (DCA) in Myanmar just announced it has signed a Memorandum of Agreement with Aireon LLC, a Virginia, U.S. based air traffic surveillance system provider, to collaborate on a concept of operations and benefits analysis for the deployment of Aireon’s space-based Automatic Dependent Surveillance-Broadcast (ADS-B) service. DCA provides air traffic control, […]

CRBC on road to deals in Myanmar

China Road and Bridge Co Ltd has won a bid-winning notice from Myanmar’s Ministry of Construction to build two sections of road in the Greater Mekong Subregion, chairman Wen Gang announced on Thursday. Wen said CRBC’s Myanmar office received a bid-winning notice for the Eindu-Kawkareik Road Improvement Project, Lot 1 and Lot 2, issued by […]

Thailand reaffirms Dawei plans, but does Myanmar?

“The governments of Thailand and Myanmar reaffirmed that the Dawei megaproject will create thousands of jobs and improve the livelihoods of people along the border,” according to Thailand’s caretaker Prime Minister Gen Prayuth Chan-ocha. Prayuth was speaking at a joint press conference in Bangkok on Friday. Myanmar leader Aung San Suu Kyi also addressed reporters, […]

Pacific World expands footprint into Myanmar

MYANMAR’s emerging MICE sector and improving infrastructure have caught the attention of global DMC and event management company Pacific World, which has announced its expansion into the country through a partnership with Yangon-based inbound tour operator Myanmar Polestar. Selina Chavry, global managing director for Pacific World, commented: “Myanmar has been working to position itself as […]