TODAY

Five garment factories to be built in Yangon

MYANMAR Investment Commission has granted permission has granted permission for the establishment of five garment factories in Yangon’s industrial zones which are expected to create more than 6,000 local job opportunities.

Four of the five factories will operate under foreign direct investment and one will be by citizen investment. They will operate under the cut-make-pack (CMP) system. The new plants will be constructed in the industrial zones of Hlaingthaya, Shwepyitha and Hmawby.

The clothing industry is becoming increasingly popular among other export items, with local authorities planning to develop a garment zone in the country to boost the manufacturing of raw materials and finished goods, packaging and export process.

Around 350,000 locals are employing in the country’s textile industry. The garment sector tops the list of government in terms of boosting trade.

Ref: GNLM, 4 September 2016

New tourism investment for Myeik Archipelago

THE Ministry of Hotels and Tourism has investment bids to boost the tourism industry around the Myeik Archipelago, which lies in the Andaman Sea off the coast of southern Myanmar.

Myeik Island in Taninthayi Region registered high visitor interest last high-tourist season due to its famous natural beauty.

To encourage the country’s tourism sector, the ministry, in cooperation with partner organizations, will also promote advertising of the region over the coming months.

The ministry is reportedly focusing on waterway tourism as well as nature-based tourism in coastal regions.

The ministry, in anticipation of increased tourist interest, is broadening the scope of their number of and variety of service licenses.

The Myeik Archipelago consists of over 800 islands, all lying in the Andaman Sea off the western shore of the Malay Peninsula. A wide variety of animals, including deer, monkeys and tropical birds thrive on the islands themselves.

The Ministry of Hotel and Tourism has estimated the country will host over five million tourist arrivals over the 2016-2017 FY.

Ref: GNLM, 4 September 2016