UK aid-funded DaNa Facility and Dutch development organisation Cordaid has launched their groundbreaking study on small businesses in Kachin State with the aim of unlocking opportunities for these businesses to grow. The report “The Ecosystem for Small and Medium-Sized Enterprises in Kachin State” was launched this week in Myitkyina Palm Spring Resort, which was attended […]
With 70% Unbanked Population, Myanmar Bets on Fintech to Improve Financial Inclusion
November 25, 2019 by
Despite the Myanmar government’s push to expand access to financial services, the country still trails far behind the rest of Asia in rates of participation in formal financial services, financial literacy, savings rates and the use of digital financial services, according to a new report by social enterprise ONOW Myanmar. But fintech and mobile technology […]
Authorities aim to strengthen investment facilitation in related ministries
May 10, 2019 by
The Ministry of Investment and Foreign Economic Relations has pledged to strengthen investment facilitation in related ministries. Speaking at a training workshop in Nay Pyi Taw, U Aung Naing Oo, the ministry’s permanent secretary, stressed the importance of investment facilitation and the role of all investment-facing government agencies in the process. “Investment promotion and facilitation […]
‘Creating triple wins’: inclusive business in Myanmar
December 11, 2018 by
They can create new income opportunities for the poor by engaging them in the value chains of profitable businesses while paying better than market rates. They can also provide goods and services to the poor that address key needs in areas such as health, education, housing, finance, water and sanitation. Inclusive businesses are typically profitable […]
Myanmar pig farming initiative announced
October 29, 2018 by
The DaNa Facility, a UK government Department for International Development (DFID) funded programme, and De Heus Myanmar, an international animal feed business, have announced a joint investment of over US$3.2 million in a project focused on increasing the income and productivity of pig farmers across Myanmar. They said it would be the largest single business […]
Dirt-poor Chin State hidden gem for investors
November 22, 2017 by
THE regional government in Chin State, together with the Directorate of Investment and Company Administration (DICA) and a UK-funded initiative, hailed Chin as a hidden gem overlooked by domestic and international investors. Renewable energy, tourism, agribusiness, weaving and urban development are pitched as key areas for development. Chin State, the least developed among Myanmar’s 14 […]
