Myanmar women garment workers on study trip to B’desh

As part of its initiative to upscale the outreach of its social progamme for women workers in Myanmar’s garment industry, a European Union funded project called Smart Myanmar organized a study mission to women’s centres in Bangladesh to exchange ideas and share experiences which could be replicated in their own society. The mission, comprising seven […]

Loans grow to SMEs, but still not enough to ease concerns

Small entrepreneurs face a tough slog to receive bank loans. The World Bank’s 2014 Enterprise Survey listed access to finance as the largest single concern of local business, ahead of troubles accessing land, electricity and skilled workers. Domestic loans usually come with short terms and have a high bar for collateral. U Zin Phyo Paing, […]

Improved financial practices crucial for small business

Access to finance is frequently identified as the largest barrier for small and medium enterprises, but often they do not have their own fiscal house in order to receive this finance. Small and medium enterprises (SMEs) must improve their reporting and accounting framework in order to inspire confidence in banks, according to Thomas Foerch, working […]

More to be done to boost local financial sector

Myanmar is yet to further strengthen local financial institutions given the low number of bank accounts held by its citizens as well as limited lending to small and medium-sized enterprises (SMEs), said a German expert. “Currently, Myanmar’s financial sector has too few depositors. The majority of people have no significant role in the sector. The […]

Myanmar launches export strategy to connect smaller firms to global economy

(Reuters) – Myanmar on Tuesday launched an export strategy aimed at strengthening smaller companies, which is a departure from 49 years of military rule when a few large firms dominated the economy, said the International Trade Centre (ITC). Myanmar’s economy was eviscerated by poor management and corruption under the former military government, and Western countries […]

New export strategy puts spotlight on rice, EU market

Myanmar is aiming to revive its status as a major rice exporter with a new national export strategy that puts the grain at the top of the list and targets the European Union as a prime market. The five-year strategy was unveiled on September 3 at a gathering of business leaders at the Yangon office […]

Rangoon Business Support Services Fair

RANGOON — The first Rangoon Business Support Services Fair, an event which will link small business owners with service providers to discuss business problems, will take place next week with the collaboration of Germany. The event will be held on May 24 at the Co-operative Business Centre in Rangoon’s Bahan Township. It is organized by […]