Myanmar Citizens Bank to increase SME access to finance

Myanmar Citizens Bank is listed on the Yangon Stock Exchange. Photo: The Myanmar Times   Yangon-listed Myanmar Citizens Bank (MCB) inked an agreement with the International Finance Corporation (IFC) to increase access to finance for small businesses and individuals.   The IFC will provide advice to the public lender to transform and modernise its business..
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Special economic zones pull in over $208 mln in investment

Over 110 enterprises, including four domestic businesses, enter the Special Economic Zones in Yangon.PHOTO : NAY LIN   MORE than 110 enterprises, including four domestic businesses, invested US$208 billion in the Special Economic Zones (SEZs), under the Special Economic Zone Law, as of 10 July in the current fiscal year, according to figures released by..
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Local business group forms teams for Rakhine projects

State Counsellor Daw Aung San Suu Kyi (centre) at the donation ceremony in Nay Pyi Taw on October 20. Photo – AP The country’s main business organisation on Saturday formed teams to support the implementation of the K17.7 billion (US$13 million) economic projects in the violence-prone Rakhine state. The Union of Federation of Chambers of Commerce..

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Insufficient power supply hampers Thilawa manufacturers

Workers work during the opening of the Thilawa Special Economic Zone in Thilawa in 2013. Photo: EPA DESPITE the foreign investments brought into Myanmar thanks to Thilawa Special Economic Zone, the SEZ’s purported mission to transform into a manufacturing hub has not gained momentum, partly because of the lack of power supply. In fact, the..

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