Finland-backed fund invests in Myanmar microfinance sector

Finnfund, which invests in responsible and profitable businesses in developing countries, has injected US$5.5 million in Early Dawn Microfinance Co Ltd, the third largest microfinance company in Myanmar in terms of client outreach. The financing will support Early Dawn’s expansion in Myanmar’s underserved townships and peri-urban areas. Finnfund gets its funding from the State of […]

Myanmar to generate more energy from hydro, solar sources

Myanmar will press ahead with the implementation of four hydropower projects to meet the country’s demand for electricity, according to Union Minister of Electricity and Energy U Win Khine. Currently, Myanmar generates 3,225 megawatts (MW) of electricity, or half the country’s power supply, from 28 hydropower plants. Myanmar’s abundance of hydroresources and lower cost of […]

Campaigning parties ignore Myanmar’s economic plight

Tens of thousands of people are going hungry under lockdown in Yangon and yet one week before the general elections neither the ruling party nor opposition are addressing their needs to try and win their votes. Instead Daw Aung San Suu Kyi’s government hands out special car import permits to senior bureaucrats and military personnel […]

“One of our challenges working here is implementing the CKT system. But challenges exist everywhere. We believe we can find solutions, together with the government of Myanmar, when we face any challenge.”

Suzuki has a factory in the Thilawa industrial zone, and another factory in South Dagon established in 1999. So, that makes two factories. The factory in Thilawa produced 11,000 units in 2019. We are currently only producing for the local market in Myanmar, so we have no exports yet. I want to talk about market […]

METRO Wholesale Myanmar plans to open showroom in Mandalay

METRO Wholesale Myanmar, the first-ever foreign wholesale company, is planning to open the saleroom in Mandalay, said Mr. Jens Michel, CEO of METRO Wholesale Myanmar. The showroom was open in Yangon on September 30. METRO Myanmar aims at becoming a market leader in the domestic market that can help promote cooperation and sustainable development in […]

Questions arise over cost, accessibility of two-step loans

Despite the important role small and medium enterprises (SMEs) play in the economy, repeated requests for more affordable loans and easier access to financing remain a challenge for the sector. One avenue for SMEs to access financing in Myanmar is via funds provided by official development assistance organisations such as Japan International Cooperation Agency (JICA). […]

South Korean president to visit Myanmar on sept. 3

South Korean President Moon Jae-in and his wife will pay a state visit to Myanmar on Sept. 3 at the invitation of the Myanmar President and First Lady. The visit will be part of Moon’s six-day tour of the region beginning Sept. 1 to build closer ties with Southeast Asian countries. He will first visit […]

MBEI: Measuring Myanmar’s business landscape with data for policymakers

Myanmar’s first business environment index, surveying nearly 5000 companies, reflects how the private sector views governance, transparency and efficiency as implemented by central and local government. The findings provide policymakers with a set of data for making evidence-based decisions. The Asia Foundation has published the first Business Environment Index (MBEI) for Myanmar, with the support […]

Eaton to optimise Myanmar’s power solutions

EATON CORPORATION PLC, a multinational power management company with 2017 sales of US$20.4 billion globally, expanded into the Myanmar market last week by signing a partnership agreement with Myanmar Golden Rock International Co (MGR), according to Kidsada Santisak, the firm’s country manager for Indochina West. “At Eaton, we have a global marketing intelligence team to […]