CMP garment export earnings hit over $2.2 bn in six months

Photo shows workers at a garment factory in Yangon. (Photo-Zeyar Nyein) Out of total export value in the six-month mini budget from April to September this year, earnings from export of CMP garments reached the largest amount with US$2.2 billion, exceeding over US$1 billion compared to the same period of last year, according to the […]

China to hold 70% stake in Myanmar’s planned strategic seaport

Myanmar will hold a 30 percent stake in its strategic deep-water seaport project led by cash-rich China, giving Beijing a 70 percent interest, under their final agreement reached during recent talks between the two countries, according to a visiting senior Myanmar official. That is an improvement for the emerging Southeast Asian economy from the initially […]

Extortion and abuse: Myanmar workers arrive debt-laden in Thailand

A “mafia” of recruitment agents is trapping Myanmar migrants to Thailand in debt bondage despite a 2017 law meant to fight exploitation in the kingdom’s notoriously shadowy job market, activists and workers say. Migrant labour — much of it from Myanmar — has propped up Thailand’s economy for years, with foreigners working everywhere from factories […]

Crossborder trucking traffic to increase with Myanmar

Thailand and Myanmar are expected by the end of this month to sign a memorandum of understanding for the Initial Implementation of a Cross-border Transport Agreement (IICBTA) to facilitate crucial improvements in logistics within the Greater Mekong Subregion (GMS). Within four months after the signing, 100 trucks each side would be allowed to cross the […]

EU and Germany Invest 22.25 Million EUR Aquaculture in Myanmar

The Department of Fisheries of the Ministry of Agriculture, Livestock and Irrigation hosted the official launch of the Myanmar Sustainable Aquaculture Programme (MYSAP) in Naypyidaw today. Over the course of five years, MYSAP will support the sustainable development of aquaculture in Myanmar, with 22.25 million EUR (36.70 billion MMK) in funding from the European Union […]

Yangon elevated expressway doesn’t need MIC approval: official

The Yangon elevated expressway project is a government-to-government project and it doesn’t need approval from the Myanmar Investment Commission (MIC), according to the MIC. “Government-to-government projects are not submitted to the MIC. If the investment is made by public, private and partnership and as a developer, it is submitted to the MIC. The infrastructure projects […]

Government Reaffirms Commitment to Labour Market Reforms

Representatives of the Myanmar government, employers, workers, civil society and international partners on Wednesday gathered for the third time since 2015 in a forum to discuss the progress and challenges faced in an ongoing effort to implement labour market reforms. Taking place in Nay Pyi Taw, the forum was held as part of the ‘Initiative […]

FDA Refuses First Shipment Of Shrimp From Myanmar For Banned Antibiotics; Refusals For Year Lowest Since 2012

Last week, the U.S. Food and Drug Administration (FDA) released information regarding import refusals for December. Last month, the FDA reports that only 1 out of the 105 (0.9%) total seafood entry line refusals were of shrimp for reasons related to banned antibiotics. The one shrimp entry line refused by the FDA for banned antibiotics in […]

Government expects growth of 6.8pc in 2017-18

Despite the slowdown in economic growth, the growth rate for Myanmar is expected to reach 6.8 percent for the fiscal year 2017-18, U Htin Kyaw, the country’s president, said during the national planning commission’s meeting on Tuesday, according to the president’s office. This is because the weather in the time of harvest was favourable as […]

Fisheries crucial for food security

Fisheries are vital to reduce the malnutrition rate and improve food security in Myanmar. The World Fisheries Day, which is taking place today, is of significance for Myanmar because the country’s population has around 50 percent of their average protein intake from fish. Fisheries are vital for food security and nutrition for Myanmar’s young and […]