India Extends $5 Million Aid to Myanmar for Border Development

India provides aid to develop border regions

India provides aid of USD 5 million to Myanmar, as part of a five-year program to bring development to border regions, according to Indian news reports. The assistance is part of the 2012 Border Region Development agreement, which sees USD 5 million
MIC chair U Thaung Tun to lead new foreign economic relations ministry

New ministry formed to boost investment

Myanmar’s government has announced the formation of a new ministry, aimed at boosting the country’s economy. According to the announcement on November 16, the Ministry of Investment and Foreign Economic Relations will be headed by U Thaung Tun, c
EU reinstatement of rife tariff purely economic

Rice tariffs reinstatement by EU unrelated to politics

The European Union (EU) will decide whether to restore rice tariffs for imports from Myanmar early next year. Brussels has denied the move is related to the country’s alleged human rights violations in northern Rakhine. “The rapid increase of My
The first “Human Resources Guide to Myanmar” launched by CCI France

CCI France launches the first “Human Resources Guide to Myanmar”

CCI France Myanmar’s Human Resources Committee is launching the first Human Resources Guide to Myanmar. It aims at providing all the practical and updated information that companies need to know to manage their employees in Myanmar. Mr. Guillaum
Govt to solicit EOIs for 3 New Economic Zones

Border Economic Zones development initiated by Ministry

The government has initiated plans to develop three Myanmar-China border economic zones, Deputy Commerce Minister U Aung Htoo said. It is one of five agreements signed during State Counsellor Daw Aung San Suu Kyi’s visit to China last year. In J

Garment sector faces struggle if EU withdraws tax exemptions

The garment sector in Myanmar will struggle if the European Union (EU) revokes its GSP/ EBA privileges on Myanmar, say experts. According to EU EBA Monitoring Mission, the EU listed Myanmar as one of top ten countries in clothing imports. GSP/ EBA a