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Thai Investors Urged to Expand in Neighbouring Countries

Labour-intensive industries, agricultural processing, electricity, garments, hospitality, retail, and spa are potential sectors where Thai investors can expand their investments in CLMV (Cambodia, Laos, Myanmar, and Vietnam), private experts who have invested in the CLMV countries said. “We welcome Thai investors to expand their investment in agriculture, organic farmer, energy, tourism, and hospitality business,” Phouvong […]

Dawei Project Gathers Pace

THE INITIAL Bt37-billion phase of the Dawei Special Economic Zone will by ready to kick off before the end of this year after Myanmar’s government signs a procurement contract this month with Italian-Thai Development (ITD), said company president Premchai Karnasuta. He said yesterday in Yangon after participating in a ceremony to open a representative office of the […]

French Chamber and UMFCCI to Support Myanmar-EU Trade

The French Myanmar Chamber of Commerce and Industry (CCI France Myanmar) and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) signed a memorandum of understanding (MoU) on May 5 to strengthen partnership with a focus on supporting SMEs and Myanmar businesses. CCI France Myanmar said that the agreement comes at a […]

Indian Trade Delegation Tempted by Investments in Beans and Rubber

An Indian busi­ness delegation led by South­ern India Chamber of Commerce and Industry (SICCI) has expressed in­terest in investing in rub­ber-based products and beans, the group’s chair­man has said. Mr Rafeeque Ahmed made the comments dur­ing a speech at UMFCCI in Yangon. Rather than importing raw beans to India from Myanmar, he said, there is […]

KBZ Strengthens Remittance Services with US Banks

​​ After kicking off the US-Myanmar direct money transfer service, Kanbawza Bank (KBZ) has tried to establish a direct channel with US banks, KBZ managing director U Win Lwin told the media. Right now, KBZ has opened a USD settlement account in New York’s branch of Sumitomo Mitsui Banking Corporation (SMBC). Hence, direct money transfer […]

Trade GSP Can’t Make Profit for Myanmar in Short Term

Some 5000 goods from Myanmar have been granted classification under the United States Generalised System of Preferences export scheme, however this will not see a rapid turnaround in profits, say industry figures. The United States trade representative body announced on its official website that preferential tariffs under the Generalised System of Preferences scheme were to be […]

Myanmar car importers struggle to survive

MYANMAR car importers are fretting that auto sales will continue to drop until the end of 2017 if the government does not come up with a clear, comprehensive auto policy. Soe Tun, president of the Myanmar Automobile Manufacturers and Distributors Association and chief executive of Farmer Auto Showroom, said importers were waiting for the policy […]

Chinese garment firms eye Myanmar as low-cost hub

Thanks to soaring production costs in China coupled with surge in labour wages, Myanmar’s garment sector is emerging as the last low-cost production frontier for factory relocation and diversification in Southeast Asia. This, together with the difficulty in hiring garment workers and the Chinese government’s policy of upgrading its manufacturing sector with a strategic shift […]