Mandalay modernises chamber in bid to draw investments

THE business chamber in Mandalay, Myanmar’s northern economic hub, is undertaking modernisation through a partnership programme with a regional chamber of commerce in Germany. The German IHK Reutlingen (Industrie und Handelskammer Reutlingen) is currently undertaking a three-year agreement with the Mandalay Region Chamber of Commerce and Industry (MRCCI) to restructure the latter and modernise its […]

Request for service offer: Hosted Dedicated Server. Closing Date 17 Nov 2017

The My-Governance Project is a technical assistance programme funded by the European Union for Institutional Strengthening and Policy Dialogue Support in Myanmar. Amongst others, it supports the Department of Rural Development through the development of a monitoring and evaluation management information system (M&E MIS). The My-Governance programme is soliciting proposals from local companies to provide […]

Myanmar can become middle-income country by 2030: Prabir De

Myanmar can become a middle-income country by 2030 and triple its per capita income, says Indian economist Prabir De. In a book “Myanmar’s Integration with the World” co-authored with Ajitava Raychaudhuri, that was released during the first India-Myanmar dialogue, De says Myanmar can become one of the fastest growing economies and grow at 7-8 percent […]

EU displaces Japan as Myanmar’s Largest Apparel Market

After the reinstatement of Generalised Scheme of Preferences (GSP) rights to Myanmar, orders from European Union have been increasing, and it has now become the top market for Myanmar’s cut-make-pack (CMP) garment sector. This has reduced Myanmar’s heavy dependence on Japan for its CMP exports, according to Myanmar Garment Entrepreneurs’ Association. “In the past the […]

Clothing Exports Set to Reach $3bn

Export earnings from cutting, making and packaging clothing manufacturing is expected to reach up to US$3 billion this year, said Soe Myint, the chair of the Myanmar Garment Entrepreneurs’ Association. “In the past, Japan was the biggest market but it has been overtaken by the European Union. Every month, four to six companies invest in the garment […]

China May shelve Controversial Myitsone Dam in Exchange for Other Interests in Myanmar

NAYPYITAW, MYANMAR – China has shifted its position in a lengthy dispute with Myanmar over the building of a $3.6 billion dam, seven sources said, signaling its willingness to abandon the project in exchange for other economic and strategic opportunities in Myanmar. Myanmar President Htin Kyaw will discuss a potential deal on the massive Myitsone dam […]

One Year on, First Poll Test Looms for Myanmar Government

YANGON — On April 1, Aung San Suu Kyi’s National League for Democracy faces its first electoral test since taking power in Myanmar on the back of a landslide election win in 2015. The governing party will compete for a total of 2 million votes in all bar one of 19 by-election contests — seven […]

Bid to boost Myanmar shrimp trade begins

“We usually import broodstock from Thailand. But, possibility for the broodstock to suffer some diseases is truly a major risk to our shrimp production. Now we are about to start sustainable shrimp farming with the help of a firm from the United States,” he said. According to Kyaw Tun Myint, Myanmar entrepreneurs in the industry […]

Max Myanmar looking for partnership in financial services

Max Myanmar Holding Co, a hotels-to-engineering conglomerate, said it is looking for partnerships in financial services and is in talks with France-based Accor SA to expand cooperation in hotel management. The Yangon, Myanmar-based group expects legal changes in the country to encourage more investment, U Zaw Zaw, Max Myanmar chairman, said in an interview Thursday […]

Myanmar’s Max Looking for Financial Services, Banking Partners

Max Myanmar Holding Co., a hotels-to-engineering conglomerate, said it is looking for partnerships in financial services and is in talks with France-based Accor SA to expand cooperation in hotel management. The Yangon, Myanmar-based group expects legal changes in the country to encourage more investment, U Zaw Zaw, Max Myanmar chairman, said in an interview Thursday […]