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Myanmar investment inflows double from China as deals surge

YANGON — Foreign investment shows signs of recovering in Myanmar, one of Southeast Asia’s frontier markets, led by more than twofold gains in inflows from China and Singapore. Approved foreign investments rose 79% on the year for the six months ended in June, reaching $2.35 billion, according to Myanmar’s Directorate of Investment and Company Administration. […]

Guangdong to support Myanmar in infrastructure, productivity

Guangdong province will cooperate with Myanmar to support the development of four sectors under the Belt and Road Initiative, Mr. Ouyang Weimin, Deputy State Administrator from Guangdong province government in China, said at the China-Myanmar Trade and Investment Forum held in Yangon on March 12. Guangdong is a coastal province of southeast China which borders […]

DFID boss highlights support for garment workers, marginalised groups

A UK cabinet minister highlighted how Myanmar’s garment industry is supporting the livelihood and security of vulnerable women. Penny Mordaunt, Britain’s international development secretary, said during her visit to Myanmar that protecting the Muslim communities who have remained in northern Rakhine and supporting them to live “side-by-side and in peace in their communities” is among […]

EU trade threat could make cambodian factories worse for workers: Unions

The European Union’s move to revoke Cambodia’s duty-free access could force major clothing brands out of the manufacturing hub and worsen conditions for workers, industry experts said. Cambodia has six months to convince its biggest export market that it has arrested a backslide on human rights and democracy. If it fails, the EU will strike […]

Garment industry in Laos continues to face challenges

Apparel firms in Laos are facing several problems ranging from shortage of skilled labour to survival, according to the Association of the Lao Garment Industry. Customers want quality and the manufacturers have little power to bargain the buying prices as their costs rise, association president Xaybandith Rasphone told its eighth general assembly last month. Shortage […]

Garments sector poised to boom in Pathein

The garment industry seems poised to boom in Ayeyarwady Region, with a company developing an industrial park near Pathein signing a contract with a Chinese firm that plans to build 50 garment factories within two years. The new factories would dramatically expand the town’s nascent manufacturing sector, which has for several years been attracting interest […]

Rakhine and wage issues weigh on Myanmar Garment Industry

  Rakhine and wage issues weigh on Myanmar Myanmar’s garment exports may be thriving, but the on-going issue in the Rakhine State and rising wages are the latest shadows on the horizon. The garment sector is a jewel in newly-democratic Myanmar’s export crown; now the second largest revenue earner after natural gas. Yet all too often […]

Myanmar makers confident despite sector slowdown

The Myanmar apparel export industry continues to grow, but at a slower pace than last year as a result of added political risk from the persecution and abuse against Rohingya Muslims on the border with Bangladesh, which has received widespread international condemnation. Despite this, the sector is confident garment exports will likely exceed US$3bn in 2018, and footwear will […]

New Minimum Wage Brings Trouble to Garment Industry: Garment Association President

The new minimum wage is causing trouble for the garment industry, U Myin Soe, President of Myanmar Garment Manufacturers Association, said during a press conference held on July 10 at UMFCCI. “We all know that the new minimum wage is now set at K4,800. It’s a 33 percent hike compared to the previous wage of […]

Yangon clothes factory blames closure on rising operating costs

A garment factory with over 400 workers has closed in Yangon due to rising operational cost, a company statement said. Seduno (Myanmar) Fashion Co Ltd in Hlaing Tharyar Industrial Zone announced on Saturday it was facing difficulty keeping the business running because of a decline in production, delays in exporting their products and a hike […]