The Myanmar Garment Manufacturers Association (MGMA) says it fears that half the garment factories in the country may have to shut down temporarily as soon as March, due to a shortage of raw materials from China. The association announced this during a press conference at the Union of Myanmar Federation of Chambers of Commerce and […]
Read MoreAn industrial zone project within the Kyaukphyu Special Economic Zone (SEZ) in Rakhine State will be developed for US$30 billion, deputy commerce minister U Aung Htoo told Pyithu Hluttaw this week. CITIC Consortium from China owns 51 percent of the industrial zone while the Myanmar government owns 49pc, he said. The industrial zone will be […]
Read MoreOnly 600 out of the 12,000 applications to submit a Request for Proposal for land sold by the Yangon regional government are complete and valid, a Yangon city official said. “Most of the applications are not complete or fail to meet requirements,” said U Maung Maung Oo, a former government staff. The Yangon government has […]
Read MoreNearly K500 million in interest is paid daily to China for a loan taken to run a loss-making state-owned steel factory in Myingyan township, Mandalay, said U Zarni Aung, regional minister for Electricity, Energy and Construction. He said the No(1) Steel Mill Project (Myingyan), was first opened in fiscal 2004-05 by the Myanmar Economic Corporation […]
Read Moree-Government is a crucial element in linking the government with stakeholders to better drive economic development and poverty alleviation in Myanmar, said State Counsellor Daw Aung San Suu Kyi. “I want Myanmar people to understand and apply these technologies. Technologies should be modified into Myanmar versions gradually so that even ordinary Myanmar people can become […]
Read MoreMyanmar and Thailand have yet to sign a Memorandum of Understanding for a 12-month contract for Thailand to import corn as Thai growers are opposing such an agreement, according to the Ministry of Commerce. Under a bilateral agreement between Thailand and Myanmar, corn exports were to be exempt from tax from February 1 to August […]
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