YANGON—The Myanmar government plans to combine the positions of Minister of Industry and Minister of Planning and Finance into a single position, according to the Union Parliament agenda for Friday. According to the agenda, a Union-level representative from the government will explain the plan to parliamentary lawmakers in order to seek their approval. According to […]
In ASEAN’s Fastest-Growing Market, SME Development Barred by Obstacles
August 18, 2017 by
Local small and medium-sized enterprises (SMEs) in ASEAN’s fastest-growing market are unable to develop and grow because they are bogged down by a slew of bureaucratic and administrative difficulties, business leaders and politicians said. Local businesses in Myanmar have been suffering from challenges such as lack of access to capital and intellectual property (IP) protection […]
Chin State SMEs to Be Eligible For K8.5 bn Worth of JICA Loans
June 13, 2017 by
Chin State’s small and medium businesses (SMEs) will be eligible for up to K8.4 billion worth of small loans which the government plans to make available later this financial year, a union minister has said. The funds are the remainder of a K50 billion Japanese loan granted to the government for the development of local […]
South Korea’s Daewoo Granted Lease on State-Owned Car Factory, Plans to Start Making Busses Locally
June 13, 2017 by
The government has agreed to lease a state-owned factory to a joint venture between South Korean bus-maker Daewoo and local company Myanmar Trade Centre, paving the way for Daewoo buses to be built locally. By letting the factory, which is located in Htauk Kyant in northern Yangon, the government is putting into action its economic […]
