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GSP: the hidden iceberg to the Myanmar crisis

Contrary to the current focus on high-stake humanitarian diplomacy, the EU should use its Generalised Schemes of Preferences (GSP) rewards to nudge Myanmar and Bangladesh to collaborate on common practice areas such as aquaculture and garment manufacturing, which includes textiles, clothing and footwear (TCF). While Bangladesh would benefit from increased food and nutrition security for […]

Myanmar to raise minimum wage by 33%

YANGON — Myanmar will raise its minimum wage by one-third to 4,800 kyat ($3.63) per day, a move that will affect the country’s labor-intensive exporting industries like garment manufacturing and food processing. A panel of representatives from the government, labor and management proposed the wage hike in early January. During the 60-day public debate period, […]

Myanmar govt body suggests setting up garment units in Sittwe

The Myanmar Investment Commission (MIC) has suggested that apparel stitching factories be set up in Ponnakyun, Sittwe in a bid to create job opportunities for local people and also stop migration. MIC has recommended several fiscal incentives for companies interested in starting projects in Sittwe, to encourage investment in a less developed region. A MIC […]

Garment boom raises rents

An increase in garment manufacturing and demand for storage space is pushing up rental prices on industrial land. “Rents in industrial zones that host garment manufacturing and goods storage are up,” Myanmar Real Estate Services Association vice chair U Than Oo told The Myanmar Times this week. “It’s happening in nearly all zones. The rental […]