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WB suggests five points for higher rank in the Ease of Doing Business

World Bank (WB) has suggested five points to create a framework for e-government and redraft over-100-year-old taxation law in a bid to get the higher rank in the Ease of Doing Business, said Aung Htoo, Deputy Minister for Commerce. The WB suggested the emergence of a law framework pertaining to Companies Act, e-Commerce and legislation […]

Myanmar Garment Sector Sees Explosive Growth

European and Asian countries are increasingly placing orders for Myanmar garments, said Aung Htoo, the deputy minister for commerce at the opening ceremony of Myanmar SUMEC Win Win Garments in the Shwepyithar Industrial Zone. The local garment sector is said to be young, but it is rapidly growing and has momentum, said Aung Htoo. In […]

Myanmar’s largest Chinese-invested garment company launches new factory

YANGON, Oct. 27 (Xinhua) — Myanmar’s largest Chinese-invested garment company launched a new factory in Yangon on Friday. Myanmar SUMEC Win Win Garments Co., Ltd, Myanmar’s largest exporter in garment sector, and a branch of SUMEC Textile and Light Industry Co., officially started operating a new factory in Shwe Pyi Thar Industrial Zone in Yangon. […]

Officials Consider New Trade Zone on Indian Border

U Aung Htoo, deputy minister for commerce, told a parliamentary ses­sion in Nay Pyi Taw last week that Myanmar had held consultations with India on border trade. Myanmar’s western neighbour is among its most important trading partners, especially for agricultural goods. It is the largest buyer of beans and pulses from Myan­mar’s farms. But the […]