SMEs start feeling effects of virus outbreak

  Some small and medium-sized enterprises (SME) have started suffering from the effects of coronavirus outbreak, business owners say.  “It has already affected the country’s economy very much. Especially, hotels. As they have lost customers, they have no money to pay for their employees’ salaries. Restaurants and shops are facing difficulties also. Many SME businesses..

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World Bank loan to promote basic education in Myanmar

  The International Development Association (IDA), which is a part of the World Bank, will lend US$100million (K140.1 trillion to Myanmar to promote the basic education sector, the World Bank announced on March 3. According to the World Bank, Myanmar will use the funding for a plan to promote inclusive access to quality education over..

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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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