30 Thai SMEs seek partners in Myanmar

WITH THE Asean Economic Community opening up the region, representatives of 30 Thai small and medium-sized enterprises visited Myanmar from Monday to Wednesday to seek out local partners. Kitsana Vachekrilas, treasurer of the Thai Chamber of Commerce (TCC) and managing director of Bua Thong Thani Management Co, said in an exclusive interview that all the […]

Dutch businesses keen for deals in Myanmar

A DOZEN Dutch companies took part in the Netherlands’ first trade mission to Myanmar last week, reflecting keen interest to expand business ties. Dutch ambassador Wouter Jurgens said the mission, from June 7-9, was part of efforts to build on these relations. Jurgens said the Dutch companies discussed opportunities with Myanmar business people in a […]

H&M supply factory in Myanmar damaged in violent labour protest

Workers demanding better conditions and benefits have destroyed the production line of a Chinese-owned factory in Myanmar making clothes for Swedish fashion retailer Hennes & Mauritz, in one of the most violent labour disputes in the country in years. The month-old dispute, which also saw managers attacked, highlights the need for Aung San Suu Kyi’s […]

Myanmar Fishery Export Income Set to Double

​​ THOUGH MYANMAR’S fishery export income took a dive for three straight years until 2015, industry players hold high hopes to rebound, given the slight increase last year and the potential continuation of growth this fiscal year ending on March 31. In FY2011-12, Myanmar could generate US$705.9 million (Bt24.7 billion) from fishery exports, after dropping […]

Myanmar Investment Commission to Reform in June

RANGOON —The Myanmar Investment Commission (MIC) will be reformed this month in line with the Myanmar Investment Law, said Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA). “Each MIC term is only three years, so it’s time for new members to be appointed,” he said. The commission, which […]

Myanmar aims to attract $140 billion in FDI until 2030

Myanmar has set its sights on attracting US$140 billion (Bt4.9 trillion) in foreign direct investment (FDI) from now until 2030, according to a national economic development plan. From 1988 until March 30, which marked the end of the 2015-16 fiscal year, Myanmar had granted permits for foreign investments worth $63.7 billion. The national development plan, […]

Thailand and Burma Set Sights on Boosting Bilateral Trade

On the heels of the launch of the Asean Economic Community in January, Burma and neighboring Thailand are making plans for a multi-billion dollar trade boost next year. Thailand is second only to China as Burma’s largest trading partner, and both countries are hopeful that they can make strides toward growing total trade volume by […]

US Business Delegation to Arrive After Election: UMFCCI

RANGOON — A delegation of some 80 US business representatives is set to arrive in Rangoon late this year, according to an official from Burma’s chamber of commerce, on the heels of a landmark general election to be held in November. Maung Maung Lay, vice chairman of the Union of Myanmar Federation of Chambers of […]

Burma Signs Trade Finance Agreement with ADB

RANGOON – Burma’s government signed a framework agreement with the Asian Development Bank on Wednesday that will allow the latter to introduce its Trade Finance Program (TFP) to the country. In a statement issued by the Manila-based institution on Wednesday, Maung Maung Thein, Burma’s deputy finance minister, welcomed the program which he said will enhance […]