Poverty Decreases, But Rural Areas Slower to Develop: Report

YANGON — The number of people in Myanmar living in poverty has decreased from 32 percent of the population in 2004 to 19 percent in 2015, according to a recent report. The World Bank and the Ministry of Planning and Finance analyzed data on living conditions from surveys conducted in Myanmar in 2004-5, 2009-10, and […]

Myanmar’s Garment Sector Booming Due to Lifting of EU Sanctions

​​ The garment sector in Myanmar has developed because the EU lifted economic sanctions, potentially opening up 100,000 jobs in the garment sector, state media reported quoting the Myanmar Garment Entrepreneurs Association (MGEA). “Previously, there were only 300 garment factories in Myanmar. Now, there are over 400 garment factories in Myanmar thanks to the lifting […]

Chinese, Myanmar firms collaborate for garment factory

A Chinese company and a Myanmar-based firm are collaborating to set up a garment manufacturing facility at a project cost of US $20 million, which is expected to create employment opportunities for thousands of people. According to Eleven Myanmar, the MD of Myanmar-based Lat War Garment Company – Dr Khin Maung Aye was quoted as […]

Chinese firm and local company to build garment factory in Bago

A Chinese company will cooperate with local firm Lat War to create a garment factory in Bago region – a US$20-million project expected to employ thousands of people. Sumec Textile & Light Co Ltd, the Chinese firm, and Lat War will rent a former paper factory from the Ministry of Industry in Yedashe Township, Bago, […]