Business

CBM to relax bank interest rates

The Ce

7th bank to offer SME loans

Kyaw Kyaw Maung, the governor of the Central Bank of Myanmar, says a seventh private bank, the Global Treasure Bank, will grant loans to small- and medium-sized enterprises (SMEs).

The Japan International Cooperation Agency  is disbursing 5 billion Japanese yen (Ks62 billion) to private banks via the Myanma Economic Bank.

River taxi deal signed

The Yangon Region Transport Authority (YRTA

Big international gem show being held in Yangon

An international exhibition of Myanmar gems with foreign and domestic companies is being held in Yangon until Monday.

Firms from Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United States, Italy, Israel and India are participating.

The four-day event also has machines for goldsmiths and quality testing for diamonds and gems.

Private banks needed for farming loan

 

Power demand set to reach 3,500MW

The Ministry of Electric Power and Energy expects power consumption across the country to reach 3,500MW during the hot season.

Foreign insurance companies must have at least US$1 billion in capital funding

Foreign insurance companies setting up business in special economic zones must show at least US$1 billion in capital funding, the Insurance Business Supervisory Board has announced.
 
The IBSB announced criteria for foreign insurance companies to do businesses in special economic zones in Myanmar in mid-March, as it intends to issue licences to firms that meet its requirements. 
 

Myanmar-Thailand border trade tops US$1 billion

The volume of border trade between Myanmar and Thailand has reached more than US$1.24 billion with Myawaddy border trade generating the largest volume, a source at the Ministry of Commerce has said.
 
Myanmar-Thailand border trade totalled $1.24 billion for the fiscal year from April 1 last year to March 2017. 
 

Govt keen for private sector to play a lead role in boosting national economic growth

The needs of the private sector, such as infrastructure, a financial market, commodity market and electric power, must be fulfilled, Toe Myint Aung, permanent secretary of the Ministry of Commerce has said.
 
The role of small and medium-sized enterprises must also be promoted so that businesses make progress. Vocational technology and skills must be enhanced, Toe Myint Aung said.
 

Biomass power plant opens

The Biomass Power Plant that burns rice husks to generate power and reduce carbon dioxide emissions has been opened in Nay Pyi Taw.