The total export earnings from Myanmar’s cut-make-pack (CMP) garment sector hit over $2.56 billion till May 10 of the current fiscal—a three-fold rise compared to the figure of over $800 million in fiscal 2015-2016, according to the commerce ministry. The country’s fiscal year now runs from October 1 to September 30 instead of April 1 […]
CMP garment export earnings hit over $2.2 bn in six months
October 18, 2018 by
Photo shows workers at a garment factory in Yangon. (Photo-Zeyar Nyein) Out of total export value in the six-month mini budget from April to September this year, earnings from export of CMP garments reached the largest amount with US$2.2 billion, exceeding over US$1 billion compared to the same period of last year, according to the […]
Chinese investors eye garment sector
May 18, 2018 by
Chinese entrepreneurs have discussed with Yangon Region Investment Committee on the expansion of garment industry in industrial zones in Yangon, said Myo Khaing Oo, joint-secretary of Yangon Region Investment Committee. Aung Htoo, deputy minister for Commerce said: “Currently, Myanmar’s textile industry is rapidly growing. Imports of garment by the EU and Asian countries become high. […]
Garment Exports from Myanmar Rise
January 24, 2018 by
Myanmar exported $1.86 billion worth of products from garment units operating under the cut-make-pack (CMP) system as of the first week of January in fiscal year 2017-2018, according to the commerce ministry. The figure is $568 million higher than exports for the same period in the last fiscal. The industry has been based on the […]
Employers Reject Workers’ Call for Higher Minimum Wage
December 21, 2017 by
Dr Khin Maung Aye, a central executive committee member of Myanmar Garment Entrepreneurs Association, told the media that employers were only in a position to pay a daily minimum wage of between K4,000 and K4,200. He was speaking at a ceremony to present certificates at the Construction Central Training School in Thuwunna in Yangon on […]
Myanmar Garment Sector Sees Explosive Growth
November 9, 2017 by
European and Asian countries are increasingly placing orders for Myanmar garments, said Aung Htoo, the deputy minister for commerce at the opening ceremony of Myanmar SUMEC Win Win Garments in the Shwepyithar Industrial Zone. The local garment sector is said to be young, but it is rapidly growing and has momentum, said Aung Htoo. In […]
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