Garment exports to surpass US$1 billion as Myanmar’s makeover gains speed

27 March, 2013

Garment exports are on track to exceed US$1 billion for the fiscal year ending at the end of March. The garment industry is expected to grow even more when the European Union’s generalised system of preferences, which gives duty-free access to exports from least developed countries, is reinstated for Myanmar in June. “We expect that there will be about 2,000 garment factories soon and these factories will create about 1.2 million jobs,” Khin Maung Aye, managing director of Lat War garment factory, said. When the US imposed sanctions on Myanmar imports in 2003, textile exports fell from US$800 million a year to US$300 million a year and more than 80.000 workers lost their jobs.

IE Singapore to organise Singapore-Myanmar Business Forum in Yangon

31 March, 2013
Business and Investment

International Enterprise (IE) Singapore will hold a Singapore-Myanmar Business Forum on 4 April in Yangon, to further promote business and economic collaboration between the countries. The forum will provide a platform for more than 100 government and business leaders from both countries to connect and explore collaboration opportunities across industries including infrastructure development, telecommunications, financial services and hospitality. A highlight of the event is the opening of IE Singapore’s Overseas Centre in Yangon, which will be opened by Singapore’s President Tony Tan.

Tension over South China Sea Rises with US Intervention

31 March, 2013
Political Security

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The private sector is evidently a crucial stakeholder to the success, or failure, of the profound regional structural reform taking shape in Southeast Asia — the formation of the ASEAN Economic Community 2015.

CARI’s research mandate is to assist the private sector understand, prepare for and transition into the regional integration, involving ten countries of ASEAN.

In gearing towards this monumental formation of economic transformation, our research aims to build a case for an integrated market of ASEAN which facilitates freer trade in goods, services, labour, capital and investment by untangling the AEC blueprint for different business sectors.

We engage frontline business community, academics, media and policy makers to produce business and corporate strategies enablers, by identifying the barriers to operating in a region coming together as an economic bloc. Ultimately, we seek to use our findings as a foundation for open dialogue with the policy makers towards lifting these roadblocks.

Singapore to maintain strong links with US, China: Foreign Minister

25 March, 2013
Political Security