Industry leader fears “irreversible damage” for factories
Myanmar Industries Association head U Aung Thein has warned of grave economic consequences of extended factory closures. Speaking to Bloomberg, Aung Thein, whose organization is Myanmar’s largest in the sector, argued against postponing the end
Masks: A new pandemic industry
While the COVID-19 pandemic is taking a toll on nearly every other economic sector, the local medical supply industry may soon see a boost. State media reported that the Myanmar Investment Commission (MIC) has approved new investments in manufacturer
Foreign investment hits USD 2 billion
Foreign direct investment (FDI) has topped USD 2 billion in the first five months of the current fiscal year. That number came from 132 new foreign investors who received approval from the Directorate of Investment and Company Administration (DICA) b
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
Thai developer to build USD 1 billion complex in Yangon
Thai developer Amata Corp. has announced plans to invest USD 1 billion in an industrial complex in Yangon. Amata recently signed a land lease agreement and joint venture agreement with the Myanmar Ministry of Construction in the country’s capit
