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DAWN Microfinance gears up for higher borrower demand

Early Dawn Microfinance Company Ltd (DAWN) is expecting lending in Myanmar to pick up on the back of the launch of a credit bureau in the country later this year, and as the banking sector opens up. “Myanmar is already in the process of opening up the banking sector and we see opportunities to serve […]

Myanmar opens up for foreign retailers and wholesalers

Foreign businesses and joint ventures are now allowed to carry out businesses in the retail and wholesale sector, according to the latest directive from the commerce ministry. Leading business groups hailed the move as a right step towards attracting inwards investments for Myanmar. The ministry issued the Directive 25/2018 on May 9, authorising 100 percent […]

Signing of Japanese ODA Loan Agreement with Myanmar: Comprehensive support for socioeconomic development

On March 29, the Japan International Cooperation Agency (JICA) signed loan agreements with the Government of the Republic of the Union of Myanmar in Nay Pyi Taw, the capital city, to provide Japanese ODA loans of up to a total of 117.04 billion yen for four projects. Under a new administration led by the National […]

Mandalay chamber to focus on SME loan and Chinese investment

U Kyaw Min, newly elected chair of the Mandalay Region Chamber of Commerce and Industry (MRCCI), sees big potential for the region to draw Chinese investments and tap local talent for growth and development. Mandalay is Myanmar’s second largest city and often hailed as the country’s northern economic powerhouse. “We have drawn up a one-year […]

ADB Partners with Yoma Bank to Support SMEs in Myanmar

The FINANCIAL — The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and Yoma Bank on January 26 signed an agreement to provide guarantees of at least $10 million annually to support trade, especially for small and medium-sized enterprises (SMEs), in Myanmar. “We are excited to welcome Yoma Bank as the newest TFP partner,” said […]

Government expects growth of 6.8pc in 2017-18

Despite the slowdown in economic growth, the growth rate for Myanmar is expected to reach 6.8 percent for the fiscal year 2017-18, U Htin Kyaw, the country’s president, said during the national planning commission’s meeting on Tuesday, according to the president’s office. This is because the weather in the time of harvest was favourable as […]

Government “ready” to offer loans to SMEs

The country’s biggest business and industry advocacy group has called on the government to change its policy on loans to better cater for the needs of small businesses.The government needs to change its loan policy, decrease interest rate, increase loan period and support the acquisition of technical know-how for SMEs, U Wai Phyo, Union of […]

Sudima’s conservative approach to success

AS a young entrepreneur, Anil Kumar Jhunjhnuwala felt that his father’s approach to business was too conservative for his liking. But time and experience have changed those sentiments. “I can see now why taking a conservative and calculated approach was the right choice,” he says. This approach to business has borne fruit for the managing […]

Free Entry to the Asian SME Conference 2017 on 14th & 15th Oct 2017 at MICC-2, Naypyidaw

Invitation to the 5th Asian SME Conference at MICC-2 in Nay Pyi Taw this coming weekend (14th / 15th October). Purpose of this conference is show to the important role, potentials and challenges of Small and Medium-sized Enterprises (SMEs) in an inclusive economy in Myanmar. Jointly organized by the International Council for Small Business (ICSB) […]

Yangon SMEs to receive smart cards facilitating loans

Smart cards to help small and medium-sized enterprises (SMEs) apply for bank loans will be issued after the relevant data is collected, Yangon Chief Minister U Phyo Min Thein said at a meeting with local businesses at the Republic of the Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) office on August […]