CMP garment exports rise last FY despite COVID crisis

<a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”><img src=”https://consult-myanmar.com/wp-content/uploads/2013/10/doingbusinessinmyanmar-thumbnail2.jpg” width=”600″ height=”250″ /> </a> Myanmar’s garment export sector, which constitutes over 20 per cent of overall export value, stepped up amid the coronavirus impacts. Exports of garments manufactured under the cut-make-pack (CMP) system were valued US$4.798 billion in the last financial year 2019-2020, according to the data from the Ministry of […]

Myanmar exported garments worth $4.28 bn in Oct 1-Aug 31

Myanmar exported garments under the cut-make-pack (CMP) system worth $4.28 billion between October 1 and August 31 in fiscal 2019-20, according to data from the ministry of commerce. However, following the novel coronavirus pandemic, some CMP garment factories have shut down due to lack of raw materials, leaving thousands of workers unemployed. Myanmar financial year […]

MOHS allows factory workers from stay-home townships to resume work

Workers from factories and companies in Yangon have been allowed to go back to work since October 22, according to the Ministry of Health and Sports. The announcement released on October 25 stated that workers in Yangon, Mandalay, Bago and Ayeyarwady regions as well as Mon State were able to resume work starting October 22 […]

Permission for some businesses to reopen in Yangon ‘appropriate’: UMFCCI

Business insiders and executives have commended the government’s move to allow some business to reopen amid COVID-19. “Allowing cut-make-pack (CMP) factories, workplaces, and small and medium-sized enterprises (SMEs) to resume is an appropriate move. The factory closures have hurt workers’ incomes and has been bad for the country’s economy,” said U Maung Maung Lay, the […]

Factories, SMEs in Yangon allowed to reopen after passing inspections

The government will allow factories and small businesses in Yangon to resume operations on October 12 after they pass inspections meant to gauge if they are compliant with guidelines imposed by the health and sports ministry. According to a notice by the Ministry of Health and Sports released on Saturday [October 10], Cut-Make-Pack factories, workshops […]

Yangon factory workers given three days to withdraw salary

Factory workers in Yangon will be given three days during the stay-home period to leave their homes to withdraw their salaries. Cut-Make-Pack (CMP) workers will be able to withdraw their wages for September starting Thursday [October 8], according to the Confederation of Trade Unions Myanmar (CTUM). “The Union of Myanmar Federation of Chambers of Commerce […]

More paper shuffling than progress?

The Industrial Zone Law was enacted in May 2020 to revamp the operations and regulatory procedures of existing and future, industrial estates in Myanmar in the hopes of catching its more industrialised neighbours.To do so, clear and well thought out policy is essential to fix and improve Myanmar’s industrial parks that are beset by opaque […]

TCP Targets Myanmar with Plant

TOA-Chugoku Paints (TCP) has earmarked 500 million baht to construct its first overseas paint factory in Myanmar, expecting to capture demand from megaprojects. The new factory will produce two paint products — heavy-duty coating and marine paint — with a monthly capacity of 300 tonnes. The project will be located in Thilawa Special Economic Zone […]

3X rise in export earnings of Myanmar’s CMP garment sector

The total export earnings from Myanmar’s cut-make-pack (CMP) garment sector hit over $2.56 billion till May 10 of the current fiscal—a three-fold rise compared to the figure of over $800 million in fiscal 2015-2016, according to the commerce ministry. The country’s fiscal year now runs from October 1 to September 30 instead of April 1 […]

Myanmar RMG units exporting to EU rose by 180 in 5 yrs22

The number of readymade garment (RMG) factories in Myanmar that export products to the European Union (EU) has increased by 180 within five years from 22 in 2013 to 202 now, primarily due to benefits offered by the EU’s generalized system of preferences (GSP), according to Aung Naing Oo, director general of department of investment […]