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EU’s withdrawal of GSP not to affect foreign investment flow in Myanmar: official

YANGON, Oct. 28 (Xinhua) — The European Union (EU)’s probable withdrawal of its Generalized Scheme of Preference (GSP) will not impact the foreign investment flow in Myanmar, the official Global New Light of Myanmar quoted an investment administration official as saying Sunday. This will be due to the fact that EU countries have never been […]

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 […]

About 50 pc of tourist trips cancelled, suspended last year

At the instigation of some western media about Rakhine situations, about 50 per cent of tourist trips were cancelled and suspended last year, said Ohn Maung, Union Minister for Hotels and Tourism, at a coordination meeting on tourism development and the smooth operation of tourist entry, exit and visit, in Nay Pyi Taw on June […]

How EuroCham Myanmar helps Myanmar’s economy

Filip A. Lauwerysen is the Executive Director at the newly established EuroCham Myanmar (European Chamber of Commerce in Myanmar) since September 2015. Mr Lauwerysen is a Dutchman who graduated from Leiden University in the Netherlands with a Bachelor and Master of Arts in History, specialised in European globalisation (mainly in Asia). Then he also went […]