Cocokyun, industrial zones in Yangon’s spotlight

THE development of Cocokyun township covering the islands in the northeastern Indian Ocean, as well as the flight and maritime access between the islands and the mainland, are included in Yangon Region’s plan, according to Chief Minister U Phyo Min Thein. Yangon Region will implement a three-year project which will focus mainly on the improvement […]

Faster, easier loans for Mandalay SMEs

The chair from Loan Implementation sub-committee, U Maung Maung Win, who is also the deputy minister for planning and finance, headed the meeting. It was held on Sunday at the Mandalay Regional Chamber of Commerce (MRCCI) premises. U Maung Maung Win said a working committee will ensure that a separate loan facility will be set […]

Time to Fix the Economy With Action, Not Words

Economists and business owners, while acknowledging and applauding the measures put into achieving peace and stability, say the National League for Democracy-led government has largely ignored the economy during its first year in power. Some experts and entrepreneurs told The Myanmar Times that the government needs to focus on ways and means of stimulating economic growth and […]

Chinese investment in Myanmar’s SEZ pure business

The interests of Myanmar and its people will be the top consideration of the developers of two projects in Myanmar’s special economic zone (SEZ) in the town of Kyaukphyu, a company official told Xinhua recently. The China International Trust and Investment Corporation (CITIC) Construction company, together with four other Chinese companies and one Thai firm, […]

Capella Real Estate to develop commercial property

Founder and CEO of Capella Real Estaet and Investment Ko Zaw Min Htun discusses the challenges to developing a small business How did you start your business? I opened Capella Real Estate and Investment in 2013 to build a neighbourhood plaza on Mae Zin Gone Street in Hlaing township, near to Hledan. Real estate and […]

SMEs Lack Paperwork Prowess, Unable to Secure loans

While the Small and Medium Industrial Development Bank (SMIDB) offered to distribute K20 billion in loans in 2014, as of now, K12 billion have yet to be distributed, owing largely to informal business practices, according to an official from the Ministry of Industry. Like all businesses in the country, SMEs need to register and pay […]

ADB to Help Banks Boost Risk Management Capacity for SME Lending

The Asian Development Bank (ADB) said it will help commercial banks in Myanmar raise their risk management capacity for lending to small and medium-sized enterprises (SMEs). To further this aim, ADB and Myanmar Banks Association held a 4-day workshop last week. The workshop covered key of credit risk management and operational risks in SME lending. […]

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 […]

As AEC Nears, Ministry Pushes Anti-Dumping Laws

As the ASEAN Economic Community comes into effect, the overwhelming flow of goods may hurt small and medium enterprises (SME) in Myanmar, leading the Ministry of Commerce to draft antidumping and safeguard laws. U Thein Myint Wai, assistant director at the ministry, said, “When the floodgates of trade are opened, low quality goods can come […]

German Industry and Commerce Delegation Launches in Myanmar

The Delegation of German Industry and Commerce has launched its operation in Myanmar in a bid to boost business and bilateral ties between the two countries. The office will be co-funded by the Association of German Chambers of Commerce and Industry (DIHK) and the German Ministry of Economic Affairs and Energy, the Delegation said in […]