Chinese garment giant Wuhan Kingsrich to close Myanmar factory at the end of June following order cancellations by global brands due to military coup
Yangon, May 16 Following the military coup in Myanmar, global apparel brands have continuously cut and suspended orders, citing labor rights violations in the workplace. Consequently, Wuhan Kingsrich Garment Co., Ltd., a
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- CBM injects US dollars to support edible oil, CMP and LNG sectors
THE Central Bank of Myanmar (CBM) sold over US$3.26 million to edible oil-importing companies, over $10,470 to CMP companies and US$2 million to LNG-importing companies on 14 May. CBM sold $1.8 million to edible oil-impo
- JFM says Myanmar arms broker network's attempt to buy shares in Thailand raises 'serious money laundering concerns'
Justice for Myanmar (JFM) announced yesterday (May 15) that the attempt by the Myanmar arms broker network 'Sky Aviator' to acquire shares in Thailand raises 'serious money laundering concerns.' JFM stated that the arms
- CBM to sell over US$1.9M to edible oil, CMP companies
THE Central Bank of Myanmar (CBM) sold US$1.8 million to edible oil-importing companies and $137,260 to CMP companies on 13 May. CBM sold over $2.037 million to edible oil-importing companies and $11,535 to CMP companies