Myanmar Journalists Call For Balanced Rakhine Coverage in International Media

YANGON — Headlines with prominent references to “genocide” and “ethnic cleansing’ in Myanmar make veteran journalist Daw Aye Aye Win uneasy, as she explains she feels international media coverage about what is happening in northern Rakhine State fails to tell the whole story of the crisis. Currently, the region is reeling from Arakan Rohingya Salvation […]

Thai Banking Giant Backs Scheme to Help Small Businesses in Mon and Thanintharyi

One of Thailand’s largest banks has teamed up with Myanmar for a scheme aimed at helping small businesses in Mon state and Thanintharyi in the southeast. The scheme, backed by Kasikornbank, will offer training programmes and financial assistance for entrepreneurs and mom-and-pop businesses in the region’s staple industries, which include rubber, fishing and fruit. After […]

Credit Guarantee Insurance Not Helping Small Businesses

  Credit guarantee insurance was introduced under the former government in 2014 but the system has not been widely adopted by banks and businesses. As a result, financial support for SMEs remains inadequate. So far, CB bank has offered loans to 21 businessmen, KBZ has given loans to only three, and banks are still unable […]

Government will provide loans in 2017 to develop the SMEs

Japan International Cooperation Agency (JICA) will provide Ks 15 billion loan through the government to develop small and medium enterprises (SMEs) in 2017, according to Directorate of Industrial Supervision and Inspection Department under the Ministry of Industry. JICA will provide the loan with the low interest. The loan will be in the form of two- […]

MEB, six private banks to lease K30 billion to SMEs

Myanma Economic Bank, teaming up with six private banks will give K30 billion loans to small and medium enterprises (SMEs), according to Ministry of Industry. The country’s SMEs can acquire loans from the Myanma Oriental Bank, Ayeyawady Bank, from Co-Operative Bank (CB), commonly known as CB Bank, the Myanmar Citizens Bank, the Kanbawza Bank and […]

Small businesses not yet ready for ASEAN competition

Myanmar is not ready to enter the ASEAN Economic Community that is supposed to come into existence at the end of the year, a government official has told business leaders. Daw Aye Aye Win, deputy director general of the SME Development Department at the Ministry of Industry, was talking to the SME Forum 2015, a […]

SMEs Lack Paperwork Prowess, Unable to Secure loans

While the Small and Medium Industrial Development Bank (SMIDB) offered to distribute K20 billion in loans in 2014, as of now, K12 billion have yet to be distributed, owing largely to informal business practices, according to an official from the Ministry of Industry. Like all businesses in the country, SMEs need to register and pay […]