Materials imports down as manufacturing suffers
Materials for cut-make-pack (CMP) businesses, especially in the garment sector, are down as COVID-19 continues to thrash manufacturing. The Ministry of Commerce reported USD 264.7 million worth of CMP materials imports since the start of the fiscal y
Investment ministry predicts bad year
Although to this point Myanmar’s foreign direct investment has enjoyed a strong fiscal year, the Ministry of Investment and Foreign Economic Relations (MIFER) predicts the COVID-19 pandemic will put a huge dent in short term FDI. “My concern
EU provides relief to garment factory workers
As the COVID-19 pandemic slams Myanmar’s manufacturing sector, the European Union (EU) will contribute EUR 5 million to factory workers who have lost their jobs. Since the start of the pandemic, at least 40 garment factories have closed and mor
Garment industry scores foreign investment despite worker unrest
A new batch of foreign companies will invest a collective USD 24 million to make garments and bags in Yangon. According to the Yangon Region Investment Committee (YRIC), ten companies from Myanmar as well as China, Hong Kong, Taiwan and Estonia will
New protest marks ongoing garment industry unrest
Garment workers marched to Yangon City Hall on Tuesday in the latest episode of the labor rights saga within Myanmar’s garment industry. The workers from three foreign-owned factories took to the streets after the sacking of workers union leade
