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Mynamar Military Coup Sparks Concern for Global Fashion Brands, Chains – Sourcing Journal - Vimarsana News

Mynamar Military Coup Sparks Concern for Global Fashion Brands, Chains – Sourcing Journal

Army chief Senior Gen. Min Aung Hlaing has become the de facto leader, with the Tatmadaw, the official name of Myanmar’s armed forces, acting on their earlier complaints that the November elections in Myanmar did not stand up to scrutiny, and had falsified results. The military action came as the parliament was due to meet on Monday to begin business for the elected government’s second term and drew condemnation from global leaders including President Biden. The military announced a state of emergency for up to one year. Banks remained closed, domestic flights were suspended, and concern ...

Chinese Group Proposes Major Garment Manufacturing Hub in Northern Myanmar - Vimarsana News

Chinese Group Proposes Major Garment Manufacturing Hub in Northern Myanmar

Chinese Group Proposes Major Garment Manufacturing Hub in Northern Myanmar A scenic view from the Sagaing Hills. / Zaw Zaw / The Irrawaddy 4.0k By Nan Lwin 26 January 2021 YANGON—A Chinese textile group has submitted a proposal to implement an international textile manufacturing cluster project in a major town in Sagaing Region, an economic hub for Upper Myanmar, at an expected cost of more than US$370 million (493.49 billion kyats). The Ministry of Planning, Finance and Industry (MOPFI) said China’s Jiangsu province-based Eastern Development International (Myanmar) Co. Ltd. (Dongzhan T...