Greenback appreciation costs textile industry

Due to the greenback appreciation, local textile industry is making losses, according to Myanmar Textile Entrepreneurs Association. The value of a US dollar has increased from Ks1,500 in early September to Ks1,650 on September 20. Yin Yin Moe, Secretary of Myanmar Textile Entrepreneurs Association said: “The greenback appreciation has impacts on local garment industries as […]

First label and tag factory begins production in Myanmar

Baolaixin Industry Development, a Hong Kong based company, has become the first company to begin production of labels and hang tags for garments in Myanmar, as per Myanmar Garment Manufacturers Association’s (MGMA) website. The new facility is located in Shwe Pyi Thar township, Yangon. The factory is equipped to produce different types of transfer print […]