fbpx

Employment rate may increase to six pc if the EU’s GSP right remains: DICA’s DG

Thanks to the EU’s Generalised scheme of preferences (GSP) right, Myanmar can create 0.6 per cent jobs. If the GSP right remains, the employment rate may increase to six per cent of the total population, said Aung Naing Oo, Director General of Directorate of Investment and Company Administration (DICA), at a talk titled “Democracy, Poverty […]

Business groups speak out against potential withdrawal of EU GSP

Three major domestic business organisations have urged Brussel’s visiting mission not to revoke Myanmar’s access to the Generalised Scheme of Preferences (GSP). Meanwhile, The Myanmar Times understands that a statement co-signed by six European business groups has been addressed to the monitoring mission, arguing that withdrawing GSP “will undoubtedly have a detrimental impact on the […]

Exports to remain low despite weakening local currency

Export volumes will remain low throughout this fiscal year and for the coming few years, according to a Ministry of Commerce official. U Win Myint, director of the Trade Promotion Department, said that export volumes are unlikely to rise significantly this year. “People say that when the domestic currency weakens it’s a good time to […]