Most exports from MIC-registered firms

Around 58 per cent of exports between 2011 and 2016 were from businesses running under the official permission of the Myanmar Investment Commission (MIC), said commission secretary Aung Naing Oo. Exports earned more than US$7 billion in the 2011-12 financial year, US$6 billion in 2012-13, US$8 billion in 2013-14, US$7 billion in 2014-15 and US$6 […]

Myanmar CMP system apparel exports rise 83.7%

As of middle of December 2016, exports from Myanmar garments firms employing the cutting, making and packaging (CMP) system soared to $1.157 billion, up 83.7 per cent as against $629.709 million in the same period of the prior fiscal. Exports to Japan, the largest apparel importer from Myanmar accounted for 33 per cent of all […]

Through reclusive Wa, China’s reach extends into Suu Kyi’s Myanmar

China is extending its sway over an autonomous enclave run by Myanmar’s most powerful ethnic armed group, sources in the region told Reuters, bolstering Beijing’s role in the peace process that is the signature policy of Aung San Suu Kyi. The “foreign policy” of the self-proclaimed Wa State is closely monitored by Beijing, senior officials […]

Garment Exports Double Spurred by Rising Orders From Europe

​​ Myanmar garment exports have doubled in 2016 compared to export values of the previous year, according to the Ministry of Commerce. Rising orders from European countries have caused the surge in garment exports, said U Win Myint, Director of Ministry of Commerce. As of December 15th, garment exports reached $1.05 billion, up from $460 […]

Myanmar govt proposes tender for massive purchase of generic medicines

The Ministry of Health in Myanmar has invited pharma companies to supply generic medicines in Myanmar. The country is looking for massive purchase of generic medicines through tenders around April 2017. The Union ministry of commerce is planning to have a meeting on December 23, 2016 to discuss how to cater to the drug requirements […]

Why can’t Myanmar freshwater prawns be exported aboard?

IN years past, large Myanmar freshwater prawns were exported aboard, but the current states of affairs see these prawns solely traded within the country. It is partly to do with a lower price offered by foreign countries, paying just K16,000 per viss (1.6kg) of large freshwater prawns, compared with the domestic market whereby the same […]

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 apparel exports may double by 2020

Myanmar’s apparel exports are expected to more than double to $4 billion by 2020 owing to the favourable government policies and low labour costs in the country, according to industry insiders. One of the reasons for this is the high wages and relatively higher cost of production in countries like Vietnam, India, China, and South […]

Dry port discussions under way on China border

The Shan State government has approved the project, and has asked First Golden Dragon Company to secure consent from landowners, said Muse district administrator U Kyaw Kyaw Htun. The company hopes to build a 210-acre dry port including a highway bus station, space for trucks to load and unload, cold storage and new warehouses, he […]

Myanmar to export 200,000 tonnes of rice to EU

Myanmar expects to earn US$1 billion on exports of 200,000 tonnes of rice to European Union countries during the 2015-16 fiscal year, according to Ye Min Aubg, the secretary of the Myanmar Rice and Paddy Federation. “We want to earn US$1 billion because at this moment we are getting between $6 million and to $7 […]