Myanmar garment manufacturers request tax exemption in FOB system

Myanmar garment entrepreneurs have requested the Ministry of Commerce and the Ministry of Planning and Finance to grant a tax exemption in the Free-on-Board (FOB) system to maintain Myanmar’s garment industry for the long term, it is learnt from the Myanmar Garment Entrepreneurs Association. Myanmar garment factories are currently operating under Cut,Make and Pack (CMP) […]

Korea-Myanmar venture to build 500-acre garment zone

A Korean firm and a local company have teamed up with a view to building free-on-board (FOB) garment factories on 500 acres of land through a 50-50 joint venture. Myanmar-based Olympus Asia Group and Korea’s Panko Corporation signed a memorandum of understanding on August 20 and are looking for land in Yangon, Bago or Ayeywarwady […]

KATRI to assist development of Myanmar textile export sector

No 3 Heavy Industry under the Ministry of Industry will work with Korea Apparel Testing Research Institute (KATRI) to improve Myanmar’s textile sector to enter the international market, according to Dr. Eun Ho Shin, the in-charge of KATRI. The cooperation aims at promoting the textile industry a under three-year-project to effectuate the development of the […]

North Andaman Apparel to exhibit in Paris & Berlin

Myanmar based garment factory North Andaman Apparel will exhibit at both Apparel Sourcing Exhibition, which is part of Texworld, in Paris and Asian Sourcing in Berlin from 15-18 February and 24-26 February, respectively. “We are experienced in manufacturing and exporting products like shirts, blouses, premium quality baby dresses, children’s wear, nightwear, swimwear, handwoven fabric, leather […]

Myanmar garment firms explore Paris & Berlin markets

Representatives of nine top Myanmar based apparel factories went to Paris and Berlin last month in order to get a better understanding of European markets and European buyers’ requirements. “The participants were able to gain insights into the multilayered European textile market by visiting two major garment and textile trade shows located in Paris and […]