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Despite President’s pledge, credit still inaccessible for SMEs

Myanmar will launch its first credit bureau within the next month, President U Win Myint said during his Myanmar New Year speech last week. But industry insiders warn that the move would not bring immediate benefits to the country’s small and medium enterprises (SMEs). According to the President, the inaugural credit bureau should commence in […]

Korea’s Exim Bank to open representative office in Myanmar

YANGON—The Export-Import Bank of Korea is now planning to open a representative office in Myanmar where there are more than 30 representative offices of international banks, according to the bank. On December 18, the Directorate of Investment and Company Administration allowed the bank to open a representative office in Yangon to operate banking and financial […]