Anti-Graft Commission, UMFCCI sign Joint Anti-Corruption Declaration

Corruption has adverse impacts on economic and administrative sectors, said Aung Kyi, Chair of the Anti-Corruption Commission, at a ceremony to sign the Joint Anti-Corruption Declaration between Union of Myanmar Federation of Chambers of Commerce and Industry and the commission on July 2 in Yangon. “It is known to all that corruption is interrelated with […]

Microfinance in Myanmar: A Silver Bullet to Stamp out Poverty?

  The passing of the Microfinance Law in 2011 led to a rapid influx of Microfinance Institutions (MFIs) in Myanmar. As of December 2015 there were over 256 MFIs operating in Myanmar, all competing to crack the estimated 33 million unbanked residing here. It is believed informal money lenders charging extortionate interest rates will become […]

Poverty, ethnic tensions and China top agenda for Myanmar’s new politicians

Expectations were running sky high as Myanmar’s first democratically elected parliament in more than 50 years, dominated by the former opposition National League for Democracy (NLD), convened for the first time on Monday tasked with choosing the country’s next president. After decades of stultifying military rule, all the talk was of a new era and […]

VP Nyan Htun contemplates Myanmar’s energy needs

Burmese Vice- President Nyan Htun has raised concerns about energy consumption in Myanmar. At the National Energy Management Committee meeting in Naypyidaw on Tuesday, he pointed out that Myanmar still derives 76 percent of its energy from non-renewable resources such as wood and charcoal. The vice-president added that Myanmar’s energy consumption is much less when […]