Economy and commerce

Small and medium enterprises (SME)

Agricultural sector and SMEs to receive private bank loans

The Central Bank of Myanmar will make it compulsory for local private banks to grant a minimum percentage of their loans to the agricultural sector and the small and medium-sized enterprises sector, Central Bank director general U Win Thaw told the Myanmar Times. During a meeting held by ...

SMEs in crisis due to failure to get bank loans

Small and middle-sized enterprises are facing a crisis due to difficulties in sourcing financing from banks, said the founder of City Mart Group of Companies, Daw Win Win Tint, “Not getting a bank loan means a catastrophe for the SMEs,” she said after SMEs Authoritative ...

Hot issues debated at cabinet meeting

A number of hot topics ranging from the illegal drug trade, measures to drive economic growth, and infrastructure development were tabled for debate at the monthly cabinet meeting which began on February 23. Chaired by Prime Minister Thongloun Sisoulith, the ordinary meeting for February heard ...

Tax exemption offered to SMEs

A two-year income tax exemption is being offered to small and medium-sized enterprises that register with the Ministry of Economy and Finance before the end of 2018. According to a sub-decree published on February 22, the decision to offer a tax exemption for SMEs that are ...

Rice-clearing auction draws big crowd

Sixty-six rice traders participated in the government’s auction of 2.86 million tonnes of rice on February 16, showing high market demand for the last lot of rice suitable for consumption from the government’s stocks. Duangporn Rodphaya, director-general of the Commerce Ministry’s Foreign Trade Department, said ...

Central bank turns the spotlight on loan favouritism

The Central Bank of Myanmar has accused private banks of granting loans to individuals connected with bank directors. But some businessmen disagree with CB that the banks are self-serving. The Central Bank is investigating the activities of private banks, Director General U Win Thaw told ...

Mushroom’s SME programme crosses the borders

Mushroom Television Co is taking its hit SME programme “Young Self-Made Millionaire”, which has been airing on MCOT for five years, to Laos next month, and to Vietnam and Cambodia in March. “We expect the expansion will help our growth to reach 10 per cent ...

Japanese SMEs head to Thailand under joint initiative

More than 700 Japanese companies under a Thailand-Japan joint effort to promote small and medium-sized enterprises have started real investment in Thailand this year, says Nangnoi Wetayapong, director of the Bureau of Strategies Management under the Department of Industrial Promotion. The initiative is part of ...

SME export aid measures en route

The Industry Ministry has planned further measures to raise the competitiveness of small and medium-sized enterprises in the export market, says Industry Minister Uttama Savanayana. He said the ministry is working with related government agencies to draft stimulus packages that will help cut costs and ...

Equal, transparent climate necessary for SMEs: PM

Prime Minister Nguyễn Xuân Phúc has underscored the need to create an equal and transparent climate in order to facilitate the operation of small-and medium-sized enterprises. ​​Speaking at the third national congress of the Vietnam Association of SMEs (VINASME) in Hà Nội on December 3, ...

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