Myanmar are one of the two largest recipients of humanitarian aid to Southeast Asia and is the fastest growing aid recipient in the region, speakers at an aid conference said. U Tun Tun Naing, permanent secretary of the Ministry of Planning and Finance, said that the three shifts which are on the horizon must be […]
Read MoreMore than 100 accounts of Myanmar citizens frozen by the Agricultural Bank of China in Yunnan province last week will be reopened if they are not connected to online gambling, Yunnan’s vice governor said at a meeting Sunday with Myanmar Ministry of Commerce officials. The meeting was held at Ruili, China, according to U Yan […]
Read MoreThe Agricultural Bank of China in Yunnan province recently froze more than 100 accounts of Myanmar citizens, a trader in Muse, Shan State, who was one of those affected, has told The Myanmar Times. The bank took the action on June 14 and 15 against Myanmar accounts that were being used to transfer payments between Chinese […]
Read MoreA new project financed by the World Bank aims to bolster Myanmar’s capacity to respond to disaster risks. The Myanmar Southeast Asia Disaster Risk Management Project (DRMP), led by the World Bank, will allocate US$116 million for financing initiatives to strengthen institutional capacity and minimise disaster risks, according to the press statement from the World […]
Read MoreWhen developing a country’s economy, the success of small and medium-sized enterprises (SMEs) is a vital part and should be a priority for any administration which is keen to maintain prosperity. In order for strong businesses to emerge and compete with other regional enterprises, enterprises will need to grow and develop. For that to happen, […]
Read MoreThe government indicated a determination to better coordinate development assistance among sectors, ministries and projects, according to a senior official from the Ministry of Planning and Finance at the Aid & Development Asia Summit held in Nay Pyi Taw on June 14 and 15. Businesses, NGOs, UN agencies, experts and government officials gathered at the […]
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