USD 370 million textile zone planned for Sagaing
Sagaing Region will soon receive Myanmar’s first textile-based industrial zone. Myanmar’s Eastern Development International and Chinese partner Dongzhan Textile Group will lead the USD 371 million project. It will include manufacturing fManufacturing business conditions continue to deteriorate in December
The latest IHS Markit Myanmar Manufacturing PMI for the month of December paints a contrasted picture of the sector, going up to 44.7 in December 2020 from 43.2 a month earlier, the fourth straight month of contraction in factory activity but the sof
Exports down USD 1.2 billion
Exports have sunk by USD 1.2 billion as of December 11, compared to the same point in the previous year, the Ministry of Commerce reported. Both sea trade and border trade are down as the global pandemic throttled border crossings, hamstrung local su
Garment exports down 50%
Manufacturing continues to languish under COVID-19 as reports show garment exports plummeting by more than 50% for the first two months of the fiscal year. Ongoing lockdowns, stalled supply chains and low demand from foreign buyers have resulted in t
