fbpx

Centre set to help improve productivity in Myanmar

Myanmar’s plans to raise economic productivity through improving human capital development will now be backed by the Myanmar Productivity Centre (MPC), an agency that aims to help the economy move up the value chain. The MPC was launched on June 22 with the support of the Ministry of Industry (MOI), Union of Myanmar Federation of […]

China to import US$500m of Myanmar rice this year: minister

The value of rice Kunming will import from Myanmar this year is expected to reach US$500 million this year through a barter arrangement, deputy commerce minister U Aung Htoo claimed. A memorandum of understanding was signed between the two countries for bartering goods recently. “According to report sent from Kunming roughly that they would buy […]

World Bank confident China will post 6.2% growth rate

The World Bank maintained its prediction for Chinese economic growth at 6.2 percent in 2019, despite increasing global uncertainties, because the world’s second-largest economy has remained resilient, an updated report said on Friday. “In an external environment that has become less favorable due to slowing global growth and rising trade tensions, China’s economy will need […]

Gov’t to Buy Electricity from China to Cover Shortfall

YANGON—The Myanmar government plans to buy 1,000 MW of electricity from a Chinese state-owned enterprise to meet an expected electricity shortage over the next two years. Myanmar, which already has Southeast Asia’s lowest rate of access to electricity, has recently been plagued by regular power blackouts due to water shortages at hydropower plants following severe […]

Govt to hold tender for construction of Muse airport this year

Plans are being drawn out for the construction of an airport in Muse, which is a major hub for trade at the Myanmar-China border. A tender will be held this year, said U Ye Htut Aung, deputy director general of the Department of Civil Aviation (DCA). “We have presented this project to the minister’s office. […]

Maersk moves to new office in Yangon, Myanmar

Maersk Area Managing Director Marco Civardi and Sealand Asia Managing Director Bo Wegener have cut the ribbon to officially open A.P. Moller – Maersk’s new central city office in Yangon. Located in Junction City, one of the newest built grade-A office towers, the 703-square meter office will provide work space for up to 80 employees […]

Mandalay to debate effort to resolve land-ownership issues

The Mandalay Region hluttaw (parliament) will debate a proposal to give title deeds to people who have lived for a long time on land that does not belong to them. U Tin Aung, MP for Chan Mya Tharsi constituency 1, submitted the proposal, which would exclude people living on government land. The proposal is expected […]

Myanmar aims to increase trade with South Korea

Myanmar will raise efforts to boost trade with the Republic of Korea, said U Aung Soe, Permanent Secretary of the Ministry of Commerce (MOC) during an event to promote local agriculture exports to South Korea on February 16. The event was hosted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) […]

EU trade threat could make cambodian factories worse for workers: Unions

The European Union’s move to revoke Cambodia’s duty-free access could force major clothing brands out of the manufacturing hub and worsen conditions for workers, industry experts said. Cambodia has six months to convince its biggest export market that it has arrested a backslide on human rights and democracy. If it fails, the EU will strike […]

Cambodia Businesses, Unions Ask EU Not to Impose Trade Sanctions

PHNOM PENH—Cambodian businesses and unions urged the European Union on Monday to not withdraw trade preferences from Cambodia over human rights concerns, saying such a decision would pose serious economic damage and harm millions of workers and their families. The EU warned last year that it would strip Cambodia of its “Everything but Arms” (EBA) […]