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Myanmar: CMP garment exports worth $2.73 bln in Oct-May

Exports of garments manufactured under the cut-make-pack (CMP) system were valued US$2.73 billion in the period between 1 October and May-end in the current fiscal year 2019-2020, according to data from the Ministry of Commerce. Myanmar’s manufacturing sector is largely concentrated in CMP garments and textiles, which contribute to the country’s GDP to some extent. […]

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Myanmar Economy May Suffer from a Sudden Economic Slowdown

Myanmar’s economy is likely to suffer a blow from a sudden economic slowdown and its subsequent lower FDI, according to the report on the impact of the COVID-19 on Myanmar’s export published by Myantrade. Domestic consumption, the main driver of Myanmar economic growth, will weaken as a result of reduced household spending caused by increased […]

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Dollar Rate Against Myanmar Kyat Stronger

Dollar Rate against Myanmar Kyat, which has been weak since earlier this year, bounced back to nearly K1,400 per dollar today. On July 17, greenback against Myanmar Kyat was around K1,376 per dollar on buying price and K1,383 per dollar on selling price compared to K1,385 in buying rate and K1,397 in selling rate on […]

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China Approves 43 Myanmar Companies to Export

After collaborations between Myanmar’s Ministry of Commerce, Ministry of Agriculture, Livestock and Irrigation, Myanmar Embassy to China, and General Administration of Customs of the People’s Republic of China-GACC, China has approved 43 Myanmar rice exporting companies enabling them to export wholegrain rice and broken rice to China. Before, there were only 11 Myanmar companies approved […]

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Doing Business in Myanmar

Last year, Thailand was the third-largest foreign investor in Myanmar at $6.6 billion in 2018-2019 following Singapore then China. However, due to the unofficial border trade, this figure understates the value of the trade relationship. Thailand has the longest border with Myanmar at 2,416 km. Myanmar shares borders with four other countries: China, India, Bangladesh, […]

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