MADB’s ministry relocation aims to improve efficiency

Myanmar Agricultural Development Bank, the only state-owned bank in the agriculture sector, was under the Ministry of Agriculture, Livestock and Irrigation. But from now on, the institution has been relocated to the Ministry of Planning and Finance which will make loan processes more efficient, according ...

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 ...

Defence expenditure ranks third in 2017-18 Union budget proposal

The National League for Democracy-led government’s first crack at formulating an annual Union budget has proposed only a modest increase in defence spending, with the lion’s share earmarked for the Ministry of Planning and Finance. Submitted to parliament yesterday, the K20.896 trillion budget for the ...

Soros fund management to assist Myanmar in budget drawing process

The Soros Fund Management will render technical assistance to Myanmar for its budget drawing process and taxing, Myanmar News Agency reported on January 12. The assistance was discussed when Myanmar State Counselor Aung San Suu Kyi met with the Soros Fund Management delegation led by ...

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