Myanmar expect more US investments in telecommunications

The United States may increase its investments in energy, telecommunications, tourism, and natural gas production sectors following a discussion to cooperate in Myanmar beyond the COVID-19 pandemic, said U Maung Maung Lay, chair of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The development comes after a delegation led by Mr […]

Small businesses essential for Myanmar’s COVID-19 recovery: DaNa

Small businesses are essential for Myanmar’s economy to recover as economic growth is forecasted to slow to zero due to COVID-19, according to a recent report from UK-funded DaNa Facility.The report was made for the government by DaNa Facility in cooperation with the International Trade Centre and the United Nations to review the impacts COVID19 […]

Denmark support SME business grow in Myanmar

The Royal Embassy of Denmark in Myanmar published a statement to celebrate Micro-, Small and Medium-sized Enterprises Day and appreciated growth in the industry, on 26 June 2020. The statement said: Denmark is proud to support MSME growth in Myanmar through the Myanmar Enterprises Monitoring System (MEMS) and the Responsible Business Fund (RBF). Micro, Small, […]

Myanmar to establish new credit law to support financing small businesses

The Financial Regulatory Department under the Ministry of Planning, Finance and Industry is in the process of drafting a Credit Guarantee Corporation Law, U Thant Sin, director of the department, told The Myanmar Times. The aim of the law is to support the provision of financing for micro, small, and medium enterprises (MSMEs) by enabling […]

Master plan for MSMEs to be released in February

The government plans to release its master plan Micro, Small and Medium Enterprise (MSME) in February 2020, said U Min Ye Paing Hein, deputy minister for the Ministry of Planning, Finance and Industry. MSMEs form more than 99 percent of the economy and the sector’s development cannot be ignored as it is crucial to the […]

Yangon CM says region economy run by over 30,000 MSME businessmen

Yangon Region Chief Minister Phyo Min Thein said that there were over 30,000 businesses of Micro, Small, Medium Enterprises (MSMEs) registered as business entities in the Yangon Region and they run the region’s economy. “We compiled the list of these businesses by using digital technology. Over 30,000 businesses are registered in the region and our […]