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Master plan prepared for Chinese-backed Kachin economic zone: state minister

YANGON—A Kachin State minister said a master plan for a planned, Chinese-backed, model economic zone along the China-Myanmar Economic Corridor has been prepared, and the Myanmar government is engaged in deep discussions with the company for the project’s implementation to avoid further challenges. The Kachin State government and the Yunnan Tengchong Heng Yong Investment Company […]

Rakhine and wage issues weigh on Myanmar Garment Industry

  Rakhine and wage issues weigh on Myanmar Myanmar’s garment exports may be thriving, but the on-going issue in the Rakhine State and rising wages are the latest shadows on the horizon. The garment sector is a jewel in newly-democratic Myanmar’s export crown; now the second largest revenue earner after natural gas. Yet all too often […]

UK Trade Minister stresses 4 hindrances for investments in Myanmar

The United Kingdom’s Trade and Investment Minister Stephen Green, on his first visit to Myanmar, stressed four key areas Myanmar needs to improve to receive more foreign investments. Lord Green said the UK recognizes the attractiveness of Myanmar market but the key hindrances for foreign investments are the corruption and lack of transparency, physical and […]