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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 […]

Can Myanmar’s economy fulfil its potential?

<ahref=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> With gross domestic product (GDP) growth consistently above 5 percent throughout this decade, and in double digits for much of the previous decade, Myanmar has been one of South East Asia’s fastest-growing economies for quite some time. What’s more, this newly liberalised nation is being touted to likely continue growing expeditiously well into […]

Myanmar, Czech chambers ink pact to boost ties

BUSINESSES from the Czech Republic are keen to explore opportunities for cooperation with potential partners in Myanmar, with their interest stoked by the recent visit of state leader Aung San SuuKyi to the Central European country, a Myanmar business chief said. Zaw Min Win, president of the Union of Myanmar Federation of Chamber of Commerce […]

3X rise in export earnings of Myanmar’s CMP garment sector

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 […]

MoU on rice exports signed with Yunnan Province government

The Ministry of Commerce (MOC) and government of Yunnan Province, China, signed a memorandum of understanding on the export of Myanmar rice and other crops to China on April 21. Under the agreement, Myanmar will be able to legally export crops such as rice as well as fisheries to China via the Muse border trade […]

Nine sectors to have priority under the China-Myanmar Economic Corridor

Myanmar is prioritising nine sectors covering infrastructure projects under the China-Myanmar Economic Corridor although more specific details as to which of the projects have been chosen remain under wraps. These sectors, part of the Myanmar Sustainable Development Plan, include electricity, road, bridge, telecommunication, basic construction, agriculture, transportation, research and technology. Union of Myanmar Federation of […]

Daewoo Service Centres will be opened in 3 major cities

Daewoo Bus Myanmar Company managing director Dr. Kyaw Kyaw Aung said that the company would open service centres for the domestically manufactured vehicles, in Yangon, Mandalay and Naypyitaw. “We have established a service centre in Htaukkyant, Yangon and we have a plan to open more service centres in Mandalay and Naypyitaw,” Dr. Kyaw Kyaw Aung […]

Tour guide licenses must be issued only to Myanmar citizens: association

The draft of the Myanmar Tourism Rules must clearly define the authority of the tourism police, and include a provision for issuing of tour guide licenses only to Myanmar citizens as it has been seen that foreign tourists are travelling with their own guides instead of hiring local guides, according to the Myanmar Tourist Guides […]

Employment rate may increase to six pc if the EU’s GSP right remains: DICA’s DG

Thanks to the EU’s Generalised scheme of preferences (GSP) right, Myanmar can create 0.6 per cent jobs. If the GSP right remains, the employment rate may increase to six per cent of the total population, said Aung Naing Oo, Director General of Directorate of Investment and Company Administration (DICA), at a talk titled “Democracy, Poverty […]

Rice export declines within eight months

Myanmar only exported over 1.5 million tons of rice and broken rice within eight months from April 1 till December 14, according to Myanmar Rice Federation (MRF). Myanmar earned about US$288 million from more than 800,000 tons of rice and broken rice export through border trade routes and over US$240 million from over 700,000 tons […]