US$400 million Chinese investment proposed for 33 agricultural extension centers

Myanmar’s Agribusiness Public Corporation (MAPCO), the Myanmar Rice Federation (MRF) and the China CITIC Construction Group submitted a US$400 million proposal to Myanmar Investment Commission (MIC) to construct the 33 agribusiness service centers in states and regions. “We will construct the 33 agribusiness service centers as soon as possible,” said Dr. Soe Tun, the MRF […]

Trade finance plans stalled

CB Bank is keen to start a program where the Asian Development Bank (ADB) guarantees some of its trade finance lending, but is still waiting for higher-level approval, said CB managing director U Pe Myint. Trade financing is in its infancy in Myanmar, with few loans being given for trade, generally leaving exporters and importers […]