Govt extends factory restrictions to Oct 21, Yangon govt office under lockdown

The government has extended restrictions requiring Yangon cut-make-pack (CMP) factories to remain closed for another two weeks as the number of COVID-19 positive cases are still increasing in the commercial capital. The Ministry of Health and Sports issued announcement 113/2020 stating that it will be extending a ban on CMP factory workers in Yangon Region […]

Ordinary folk feel the pinch from tumbling kyat

The downward spiral of the kyat against the US dollar has taken its toll on the prices that people have to pay for everyday items like rice, fish, meat, and vegetables. Housewives complain that even the prices of salt, fish paste and other condiments that are staples for ordinary folk have increased. The prices of […]

Crackdown on illegal imports nets US$18 million

Mobile teams patrolling for illegal trade have seized more than US$18 million in goods over the past year and a half, according to the Central Committee for Preventing and Controlling Illegal Trading. It said 3,391 cases of illegal trade have been transferred to the Customs Department as of June 26. The crackdown on illegal trade […]

Garment industry to increase foreign investment

YANGON – The Myanmar Garment Manufacturers Association (MGMA) expects the garment industry to gain US$ 1.5 billion in foreign investment by 2015 if political reforms continue. Enterprises that deal in cutting, making and packing are creating job opportunities as foreign investment grows in the garment sector. Garment exports made record earnings with US$ 1.1 billion […]