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 […]
SMEs need more funding, support system to expand further
April 27, 2018 by
Efforts to support small and medium enterprises (SMEs) over the past three years have so far not been sufficient to generate meaningful growth for the economy, experts said. While a higher volume of loans were dished out by state-owned and local banks, only a few SMEs have successfully expanded their operations in the past three […]
Myanmar’s business community must tap cluster potential to compete on global scale
July 27, 2017 by
“There are clusters formed by firms in similar sectors. In the Mandalay Region, the Directorate of Industrial Supervision and Inspection formed industrial clusters since 2014 and there are now 111 groups in 15 industrial clusters.” “But the business community in Myanmar is not very interested in this potential,” he said. “Businessmen here prefer to work […]
Mandalay factories forced to close
March 4, 2016 by
Lacking modern technology and competing with industrial zones in neighbouring countries that churn out ever-cheaper products, many factories in Mandalay have been forced to close their doors. Over the past year, around 20 percent of factories in Mandalay Industrial Zone 1 and 2 have shut up shop, according to a spokesperson for the Mandalay Industrial […]
