Myanmar allocates land for textile & apparel special zone

The Myanmar ministry of industry which had initially mooted the idea of creating a special zone for textile and garment industry earlier in August has decided to allocate 3,000 acres of land for the project. The project was earlier planned to be set up near TadaU in Mandalay, but challenges of transportation, forced the ministry […]

Levels of overseas recruitment service agencies to be released every six months

The levels of the overseas recruitment service agencies adhering to the Codes of Conduct will be released once every six months by the Ministry of Labour, Immigration and Population. There are currently 94 overseas employment service agencies which have signed an agreement for the Code of Conduct. Code Compliance Monitoring Committee (CCMC) to check where […]

Govt mulls rejection of US$300 million loan from China

Thanks but no thanks, the Myanmar government may be preparing to say to a major Chinese lender. As Foreign Minister Daw Aung San Suu Kyi discussed the future of the controversial Myitsone dam project and other aspects of Myanmar-Chinese relations in Beijing, questions were being raised as to whether the country needs to take on an additional […]

Loans elude fish farmers who lack land ownership documents

FISH farmers are facing difficulties obtaining loans for independent fish-breeding activities as fish ponds in Myanmar lack land ownership documents, according to the Okkar Maung Livestock and Fisheries Production and General Trading Cooperative. “Seventy-five per cent of fish breeding enterprise expenses go toward [fish] feed. Independent fish farmers in Myanmar are currently having a spot […]

Malaysia visa scheme negotiations hit snag

Taking a page out of the workers’ union book, overseas recruiters have found their boycott paid off. A moratorium on sending workers to Malaysia was launched after revisions to the scheme jumped the visa price and allowed a functional monopoly by funneling all applications through a single agency. Yesterday, the feuding parties managed to negotiate […]

Printers call for access to finance

Cash-starved printers are calling for government support in their efforts to expand their business in what could be profitable times. The chief complaint in the printing world is that they cannot borrow money from banks amid increasing competition from foreign businesses. Fujiyama Press spokesperson U Than Myint said his company lacked large presses, but could […]

Proposed minimum wage gains traction with employers

After initial rejection and amid some continued reluctance, most employers are now ready to accept the K3600 a day minimum wage, provided a few conditions are met, the Ministry of Labour said. During a meeting on July 25 with employers who had objected to the government-proposed minimum and demanded instead to pay only a K2500 […]

Gov’t to Push to Reclaim Unused Industrial Plots

The government needs to step up inspections to take back vacant plots of industrial land that are not being used for the purpose of business, an official report submitted to the parliament suggested. Recently, the union government announced that they will take back unused plots of land in industrial zones but apparently there has been […]

Yangon authorities join calls to end idle industrial land

Yangon authorities have added their voices to calls for an end to the practice of buying industrial zone land and then holding it fallow in the hopes of flipping it for profit. Genuine investors are often put off by the high costs for industrial land, and deputy industry minister U Myo Aung on March 17 […]

Idle plots still plague industrial zones

Rampant speculation has driven up the price of plots allocated for industrial use in Yangon Region, preventing factory construction, parliament heard yesterday. Although more than 10,000 plots were assigned, factories are running on only 3693 of them, and nearly a quarter are lying vacant, said deputy industry minister U Myo Aung. Speaking to Pyithu Hluttaw, […]