British Chamber Launches Business Program to Entice UK Firms to Myanmar

The British Chamber of Commerce has launched a variety of business services to help attract British businesses to enter the Myanmar market. Some of the more prominent services the chamber is offering include business matching, market visits, trade missionsand bespoke events where businesses can showcase their products and services. With Myanmar considered one of the […]

Myanmar women garment workers on study trip to B’desh

As part of its initiative to upscale the outreach of its social progamme for women workers in Myanmar’s garment industry, a European Union funded project called Smart Myanmar organized a study mission to women’s centres in Bangladesh to exchange ideas and share experiences which could be replicated in their own society. The mission, comprising seven […]

Myanmar garment industry expects to earn over US$2billion through exports

THE export value of the Myanmar garment industry is expected to reach over US$2billion according to the Myanmar Garment Entrepreneurs Association. Entrepreneurs from member nations of the European Union have aims to invest in companies belonging to the MGEA, it has been learned. Garment factories in the country are required to maintain worker’s rights and […]

Myanmar set to export garments of US$1.14b to EU

THE Myanmar Garment Manufacturers Association (MGMA) and French NGO Evalliance have entered into an agreement to boost textile exports in the 2016-2017 fiscal year. Evalliance’s president Mr Jean Francois Limantour said he expects that the European Union would double its imports of garments from the country in 2017. Their action plan includes the creation of […]

Myanmar aims to attract $140 billion in FDI until 2030

Myanmar has set its sights on attracting US$140 billion (Bt4.9 trillion) in foreign direct investment (FDI) from now until 2030, according to a national economic development plan. From 1988 until March 30, which marked the end of the 2015-16 fiscal year, Myanmar had granted permits for foreign investments worth $63.7 billion. The national development plan, […]

Boldly going: the exotic ‘frontier’ markets that intrepid investors are tipping for take-off

It was 15 years ago that academics began to predict a shift in economic power from the old order of developed economies to the newly named “Bric” nations. Ever since, Brazil, Russia, India and China have been regarded as the coming powers, blessed with young populations, fast-urbanising societies and natural resources to fuel rapid growth. But the Bric […]

Headwinds for Myeik cold storage factories

Electricity shortages, declining fish stocks and rising labour costs are clouding the outlook for cold storage factories in southern Myanmar, industry insiders say. In the Tanintharyi coastal region, which is not connected to the national grid, factories have to provide their own generators to ensure a reliable power supply, while fishermen are reportedly catching 60 percent less fish than […]

Can This Frontier Venue For NatGas Reel In Serious Investment?

After five decades of oil and gas exploration stagnation and mismanagement of natural resources under military rule, Myanmar (formerly Burma) in March elected its first non-military president since the 1962 coup, and if it all plays out right, it could open the floodgates for investment in this strategically vital oil and gas venue. On 15 […]

Thailand demands catch certificates from Myanmar fishermen

Thai traders have started asking Myanmar’s fishermen to provide catch certificates as the European Union tightens oversight of Thailand’s troubled fishing industry. The EU now requires Thailand – a major global supplier of seafood – to prove where its fish have been caught when exporting internationally, said industry insiders, after a number of serious abuses […]

Workshop on potential for sea bass success

As demand for seafood continues to rise regionally and worldwide, Myanmar has a good chance to develop its aquaculture industry in a sustainable and a profitable way, by investing more into alternative fish species including seabass, a recent workshop heard. The US Soybean Export Council (USSEC) said at the workshop that Myanmar had a good […]