Loan scheme hinders SME growth

The availability of loan is one of the major challenges for development of Small and Medium-sized enterprises (SMEs) in Mandalay region, according to a talk on the challenges of the SMEs. Head of Mandalay Region SME Department said: “The major challenges of SMEs in Mandalay are: capital, technology, market penetration, access to information and infrastructural […]

JICA to lend US$100m to local SMEs in 2018-19

Japan International Cooperation Agency (JICA) will lend 11.5 billion Japanese yen (K151.685 billion) to small and medium-sized enterprises (SMEs) in the fiscal year of 2018-19 through domestic banks. This decision was officially announced on September 5. The JICA’s Official Development Assistance (ODA) two-step loan will be managed by state-owned Myanma Economic Bank under its SME […]

Anthem Asia closes US$34.5M fund

Anthem Asia on August 30 announced the first close of its debut fund, Anthem Asia Myanmar SME Venture Fund, with US$34.5 million in commitments from three institutional investors. The fund will focus on providing growth and expansion capital to small- and medium-sized enterprises (SMEs) operating in Myanmar. The fund, which is targeting a total of […]

Amended Labour Law Likely to Impact on the Country’s Economy

A panel discussion was held on the 14th of July, under the name of; Implications of Business Related Law: Impact on Investment and Economic Development. It was held at Amyothar Hluttaw (upper house), of the Pyidaungsu Hluttaw (The Assembly of Union). The aim of this meeting was to discuss and dispute an increasing of fines, […]

Myanmar’s food sector being transformed by investment in production and sustainability measures

A cleaner production and higher sustainability project for Myanmar’s food and beverage industry is bringing much needed transformation. Tha Bar Wa, a four-year project, it is being implemented by the World Wid Fund for Nature (WWF), in partnership with the Myanmar Food Processors and Exporters Association (MFPEA) and Savings Banks Foundation for International Cooperation (SBFIC). […]

Chamber backs SMEs to embrace digital technology

As small and medium enterprises in Myanmar are facing challenges, the Union of Myanmar Federation of Chamber of Commerce and Industry is encouraging small and medium-sized enterprises to pursue digital competency to ensure their long-term survival, a chamber executive member said in an exclusive interview. Aye Tun, vice president of the chamber’s SMEs Committee and […]

Acudeen Tech expands to Myanmar

Acudeen Technologies has expanded to Myanmar and officially signed a partnership with Anthem Asia, an independent investment and advisory group building sustainable businesses in that country. The collaboration was hatched in light of a massive credit gap for SMEs due to the lack of accessible financing options brought about by insufficient credit data. Formal loans […]

CB Bank successfully adapting to meet the needs of a new generation

Economic liberalisation came relatively late to Myanmar, but the country has been working hard to make up for its slow start. Following a military coup in 1962, the country was governed by an oppressive dictatorship and subsequently experienced the ignominy of being rated one of the least developed and most corrupt nations in the world. […]

Yangon focuses on creating growth opportunities, raising living standards

The Yangon Regional Government is drawing up a master plan with the aid of the Japanese International Cooperation Agency and Korea International Cooperation Agency to transform Yangon into an economic hub with job and business opportunities for residents and investors, according to a report on the government’s performance by state-owned media yesterday. Topping the list […]