Myanmar Apex Bank (MAB) will provide a total of K57 billion in loans to local Small and Medium Enterprises (SMEs). The bank will provide the loans through five microfinance companies, namely Fullerton Finance (Myanmar), Proximity Finance, Vision Fund Myanmar, Early Dawn Microfinance and Pact Global Microfinance, said U Kyaw Ni Khin, CBO of MAB Bank. […]

The necessary infrastructure is being set up to link Dawei Special Economic Zone (SEZ) to the national grid, which will enable the area to enjoy access to electricity within the next 2-3 years, said U Soe Myint, deputy permanent secretary for the Ministry of Electricity and Energy. Backed up loans from ADB, the ministry is expected […]

Myanmar improved its ranking on the World Bank’s Doing Business 2020 report by six positions, coming in 165th place out of 190 countries on the index compared to 171st in the previous. The ease of doing business index in the report is released every year and based on 10 indicators. The country made strides forward in […]

New four-lane tarred road stretching from Thanlyin Bridge to Thilawa SEZ built with Japanese ODA loans will be completed at the end of 2019, according to Japanese Ambassador Mr. Ichio Maruyama. It is initially expected to be finished in November, but some works are left to do. The new four-lane tarred road is from Thalyin […]