Manufacturing sector exports surpass US$3 billion by 25 August

The export value from the manufacturing sector totalled US$3.85 billion as of 25 August in the financial year 2023-2024 beginning 1 April, Director U Nanda of the Trade Department under the Ministry of Commerce said.
Exports by the private sector were estimated at $2.51 billion while exports worth $1.34 billion were performed by the government sector.
“Myanmar’s manufacturing sector is largely concentrated in garment and textiles manufactured on the cutting, making, and packaging (CMP) basis this FY,” U Nanda said.
The CMP garment export is the main export item in Myanmar, followed by natural gas. Meanwhile, petroleum products are top import goods, followed by textile and garment raw materials.
Myanmar also exports agricultural produce, livestock, fisheries, minerals and forest products to external markets. Of export item groups, the manufacturing sector generates the highest export earnings.

Source: The Global New Light of Myanmar

MoHT eyes Russian, Chinese, Indian tourists in peak season

The Ministry of Hotels and Tourism expects international tourists from Russia, China and India in the
upcoming tourism peak season this year. The ministry is joining hands with private businesspersons to
effectuate the development in the tourism sector. The ministry expects arrivals of 150,000-200,000 Russian tourists this season. The ministry is exerting concerted efforts with the stakeholders in the industry to welcome Russian travellers to Myanmar under the “Welcome Russia Programme in Myanmar”.
“There is a promising prospect of tourism development at present. We must accelerate efforts in the
post-COVID-19 pandemic to attract Russians to eye Myanmar as a potential travel destination as Myanmar has strengthened ties with Russia. In addition to Russia, we offer a Visa on Arrival service for Chinese and Indian travellers. We expect an influx of tourist arrivals. We will endeavour to enhance tourism. We are primarily cooperating with the private sector. We are trying to support the stakeholders in the industry engaged in hotel, restaurant and tour agencies,” Union Minister Dr Thet Thet Khine of the Ministry of Hotels and Tourism gave a remark at the launching ceremony of the Yangon-Mandalay-Novosibirsk maiden flight held on 5 September.
Myanmar-Russia direct aviation connectivity will surely promote tourism. It will also bring about
business opportunities for those engaged in the tourism sector as high tourism season is approaching, she added. Besides the current Yangon-Mandalay-Novosibirsk direct flight, Myanmar Airways International will expand its wings to St Petersburg, Moscow and other 11 cities in China including Beijing by long-haul flights using Airbus A330.

Source: The Global New Light of Myanmar