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Sugarcane farmers, sugar millers plead for government help

Local sugar millers and sugarcane farmers say they are calling for multiple issues to be addressed urgently by the government to ensure the sustainable development of the sector in the country. The farmers and millers presented the issues during Sugar Forum 2019 industry event held in Nay Pyi Taw on September 10 and 11, said […]

One in 4 people in Myanmar still poor, report says

One out of four people are still under the poverty line in Myanmar, according to the “Myanmar Living Conditions Survey 2017” released on Thursday by the Ministry of Planning And Finance. The survey was conducted with financial and technical assistance from the World Bank and United Nations Development Programme (UNDP). However, the percentage of the […]

Myanmar to reduce use of child labour at workplaces

Though more than 600,000 children are still engaged in work that harms their health, safety and well-being, Myanmar is trying to implement a national-level project to eradicate child labour, Nyunt Win, director-general of the factories and general labour laws inspection department, said. “Myanmar is undertaking several reforms in multisectoral development and the labour, immigration and […]

Daung Capital, doing well by doing good: Startup Stories

Myanmar has been grappling with poverty for decades. The country was classified as a “least developed country” by the United Nations in 1987 and remains so now. In 2015, the World Bank estimated Myanmar’s poverty rate to be 32%. While there has been some economic progress, particularly seen in the oft-shifting skyline of Yangon, approximately […]

Entrepreneur buys unused oBike and Ofo bicycles to donate to poor children in Myanmar

When bicycle-sharing company oBike pulled out of Singapore abruptly last year, leaving the city with unattended bicycles rusting away in parks and public spaces, Myanmar entrepreneur Mike Than Tun Win saw the perfect opportunity to turn trash into treasure. “What if these bicycles could be distributed to poor students in villages so they can cycle […]

Invitation for Bid, Department of Highways, Deadline : 11th July, 2019

Republic of the Union of Myanmar Department of Highways Ministry of Construction INVITATION FOR BID The Government of the Union of Myanmar has received a loan from Japan International Cooperation Agency (JICA) towards the cost of “Regional Development Project for Poverty Reduction Phase 2 MY-P17”. It is intended that part of the proceeds of this […]

Coffee entrepreneurs seek success in Myanmar’s poorest state

Young people from Myanmar are starting businesses to escape poverty in Chin, the country’s poorest state in Southeast Asia’s least developed country. Chin is a mountainous state in western Myanmar. Its per capita gross domestic product was around 760,000 kyat ($500 at the current exchange rate) in 2017, only about a quarter that of Yangon, […]

Invitation for Bid, Ministry of Construction, Deadline 11th July, 2019

Republic of the Union of Myanmar Department of Highways Ministry of Construction The Government of the Union of Myanmar has received a loan from Japan International Cooperation Agency (JICA) towards the cost of “Regional Development Project for Poverty Reduction Phase 2 MY-P17”. It is intended that part of the proceeds of this loan will be […]

Anti-Graft Commission, UMFCCI sign Joint Anti-Corruption Declaration

Corruption has adverse impacts on economic and administrative sectors, said Aung Kyi, Chair of the Anti-Corruption Commission, at a ceremony to sign the Joint Anti-Corruption Declaration between Union of Myanmar Federation of Chambers of Commerce and Industry and the commission on July 2 in Yangon. “It is known to all that corruption is interrelated with […]

Microfinance in Myanmar: A Silver Bullet to Stamp out Poverty?

  The passing of the Microfinance Law in 2011 led to a rapid influx of Microfinance Institutions (MFIs) in Myanmar. As of December 2015 there were over 256 MFIs operating in Myanmar, all competing to crack the estimated 33 million unbanked residing here. It is believed informal money lenders charging extortionate interest rates will become […]