Myanmar’s Private Sector to Cooperate With China to Build Agronomics Service Center

YANGON, July 24 (Xinhua) — Two Myanmar private organizations have signed a memorandum of understanding (MoU) with China’s CITIC Construction to implement an agronomics service center project, Myanmar News Agency reported Monday. The MoU, which involves Myanmar Rice Association and Myanmar Agronomics Public Corporation, was signed in Nay Pyi Yaw in the weekend. The project […]

Garment manufacturing: How to navigate Myanmar’s ethical maze

As it undergoes profound and rapid change, Myanmar is today emerging as one of Asia’s most sought-after hubs for fashion sourcing. The country’s opening-up to the global economy has come after decades of military rule, during which a long period of isolation and internal conflict was followed by an era of gradual disengagement from politics […]

Myanmar sees boost in private investment in agriculture

Investment in agriculture by private companies is increasing in Myanmar, raising expectations that the modernization of the sector will progress at last. Myanmar Agribusiness Public Corp. (Mapco) has built a large rice mill in a bid to boost exports of rice, while Myanma Awba Group has launched a project to build an agricultural chemical factory. […]

Myanmar courting global producers

The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]

Myanmar’s forests face myriad problems as logging ban continues

YANGON – Myanmar’s forests are rich. They are rich in variety, in natural resources, and in wildlife. But they are also rich in danger. “Myanmar’s forests are more in crisis than ever before,” said Faith Doherty, lead forest campaigner at the UK-based Environmental Investigation Agency. “If you just look at what’s happened in the last […]

New US trade preferences highlight challenges for Myanmar exporters

Myanmar’s business sector has welcomed US plans to lift almost all remaining sanctions against the country and reinstitute special trade preferences, but some industries could find it hard to take advantage of the new environment. US President Barack Obama announced this week that he intends to lift the state of emergency the US declared against Myanmar in […]

EU says Myanmar needs ‘space’ to deal with rights abuses

YANGON: The European Union said on Wednesday Myanmar needed “space” to deal with human rights abuses in its restive northwest, adding it would respect the call by country leader Aung San Suu Kyi to avoid the term “Rohingya” to describe persecuted Muslims there. The statement exposes a rift in the West’s approach to the sensitive […]

EU Aims to Strengthen Myanmar’s Garment Sector

The European Union (EU) will provide up to €2 million in funding to promote CSR (Corporate Social Responsibility) activities of Myanmar’s garment industry. “The support will be provided in collaboration with UMFCCI (Union of Myanmar Federation of Chambers of Commerce and Industry) while we will make sure the funds are not used for purposes that […]