Myanmar businesses join hands for FDI

THE MYANMAR Investors Development Association (MIDA), an alliance of large-scale local enterprises, will help the government achieve its economic goals by actively engaging with local and foreign investors, according to its chairman Khin Maung Aye. ”For our country to grow further, we need to create thousands of jobs for our citizens. Job creation entirely depends […]

Myanmar’s Solar Lifeline

It is easy to forget how small changes can sometimes reap the most dramatic benefits. Take the humble fridge. What was once a marvel of technological prowess, has become standard fare. To many in the western world, that is. To those living off the beaten track, off the grid, up in the dusty red Burmese […]

Myanmar Boosts Electricity Access Through Off-Grid Solutions

Khant Zaw, director general at the Department of Rural Development (DRD), said US$90 million would be used for implementation of off-grid projects which would run from 2016 to 2021. Upon completion, the project aims to implement solar home system in 8,400 villages and mini-grid projects in 350 villages that are situated over 10 miles away […]

Political make-up a bottleneck for Shan economy

The political make-up of the state’s executive and legislature results in a lot of time and energy spent on negotiations instead of implementing sweeping economic reforms in Shan, according to a local chamber of commerce. The state needs political stability and it needs to generate value-added agricultural products in order to grow its economy. Shan […]

Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

Waiting for Grid to Arrive, Myanmar Villages Switch on Solar

NYAUNG KONE, Myanmar, March 29 (Thomson Reuters Foundation) – For generations, residents of this farming village in central Myanmar had a set rhythm to their day – waking up with the sunrise and going to sleep after dark. Diesel generators and batteries were for the privileged few, while the candles used by most were a […]

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 […]