fbpx

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 […]

US firms interested in Myanmar’s digital economy

The US-ASEAN Business Council (USABC) led a business mission to Myanmar in which they held a meeting with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) to strengthen trade and investments in the country. The USABC is an advocacy organisation for American corporations operating within the Association of Southeast Asian Nations […]

MIC Working to Avoid Line Ministry Approval for Investments

The Myanmar Investment Commission (MIC) is working on guidelines that would allow foreign investors to avoid the time-consuming process of asking government ministries for permission under the new Myanmar Investment Law. Receiving a green light from line ministries is already a “big barrier” for investors in Myanmar, whereas dealing directly with MIC takes much less […]

Myanmar to host 2014 ASEAN Business and Investment Summit

YANGON, May 2 — Myanmar will host 2014 Asean Business and Investment Summit (BIS) in Nay Pyi Taw in November, according to Vice-President of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) U Wai Phyo today. U Wai Pyo who is also a member of Asean Business Advisory Council (BAC) said […]