Garment: Big brands have mistreated their workers throughout the COVID-19 crisis

Brands must pay workers their full wages during the coronavirus crisis and beyond Meg Lewis is Campaigns Manager at Labour Behind the Label, a group that works to improve conditions and empower workers in the global garment industry. Stark figures from the Clean Clothes Campaign show that garment workers are owed between 2.42 and 4.38 […]

Myanmar Considers Relaxing COVID-19 Restrictions

Yangon – Myanmar’s State Counselor’s Office says the government is considering relaxing many COVID-19 restrictions, including stay-at-home orders, to ease the impact on the country’s economy. Myanmar imposed stay-at-home orders on about 75 townships in Bago, Ayeyarwady and Mandalay regions and Kachin and Mon states and the whole of Yangon Region and Rakhine State. Under […]

Investment in Myanmar continue to grow despite COVID-19

Although garment and other factories have been hugely impacted by the COVID-19 pandemic, local and foreign investments are still flowing into the country, according to the Yangon Region Investment Committee. The government approved two investments totalling US$2.65 million in shoemaking and garment manufacturing by China and Singapore at the end of October that are expected […]

Investment applications to go online in Myanmar

The Directorate of Investment and Company Administration (DICA) will launch an Online Investment Application function to facilitate the investment process with the aim of attracting responsible investors, said U Thant Sin Lwin, Director General of DICA. The new function permits companies to carry out the process for proposed investments online without having to physically go […]

After rice-buying scheme, govt plans paddy purchases to prop up prices

U Myint Lwin, acting secretary of the Ministry of Commerce and director general of the Directorate of Consumer Affairs, said tenders had been called from merchants in the targeted state and regions and after they were completed the government would announce the volume of paddy it plans to buy. The tender window remains open and […]

Myanmar economy expanded during NLD govt’s term: minister

<a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”><img src=”https://consult-myanmar.com/wp-content/uploads/2013/10/doingbusinessinmyanmar-thumbnail2.jpg” width=”600″ height=”250″ /> </a> Myanmar saw a total of US$25 billion in foreign investment capital entering the economy during the National League for Democracy government’s term, said Minister of Investment and Foreign Economic Relations U Thaung Tun. He said the NLD government’s approach to social and economic reform is embodied in […]

ADB approves loan to fund new Myanmar expressway

The Asian Development Bank (ADB) has approved a US$483.8 million loan to build a 64-km expressway connecting the capital of Bago region and the township of Kyaikto in Mon state in Myanmar. The move supports the Myanmar government’s aim to increase investment in transport infrastructure to 3 percent of GDP by 2030, up from an […]

Myanmar Reaches 98% of Foreign Investment Target in FY2020 Despite COVID-19

YANGON—Even as Myanmar struggles to get COVID-19 under control, State Counselor Daw Aung San Suu Kyi announced that the country secured 98 percent of its foreign investment target for this year, adding that the result can be considered a success given the economic disruptions caused by the pandemic. In a televised speech on Monday, the […]

Myanmar expects more US investments in telecommunications, technology

The United States may increase its investments in energy, telecommunications, tourism, and natural gas production sectors following a discussion to cooperate in Myanmar beyond the COVID-19 pandemic, said U Maung Maung Lay, chair of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The development comes after a delegation led by Mr […]

Plastic recycler gets funding as pollution awareness rises

Fund manager Delta Capital Myanmar recently announced it had invested US$12.6 million in Commercial Plastics Co Ltd (CPC) of Yangon, which recycles post-consumer plastic bottles collected from all over the country. The investment, made via Delta Capital’s Myanmar Opportunities Fund II and Daiwa PI Partners’ Daiwa Myanmar Growth Fund, will enable CPC to buy equipment […]