The World Bank said that at the end of May, Myanmar reforms and the country’s poverty reduction efforts and efforts to maintain macroeconomic stability will be given financial assistance. On April 27, the financial institution approved a US$200 million loan to the Myanmar government to support the Myanmar government’s effort to achieve sustained macroeconomic stability […]
Read MoreTo provide wider access to loan services for local firms, the establishment of a credit bureau is expected to be permitted by the Central Bank, an official of the bank told The Myanmar Times. For the setting up of a credit bureau, Myanmar Banks Association and a Singapore-based company – which has been operating a credit […]
Read MoreThe Myanmar government is wooing Thai steel producers to set up a joint venture to produce hot-rolled coil steel in Bagan, according to the secretary-general of the Iron and Steel Club under the Federation of Thai Industries (FTI), Korrakod Padungjitt. He said the Myanmar government is building a steel factory in Bagan with total capacity […]
Read MoreDespite the 30 percent drop in FDI compared to the preceding year, the inward FDI in the financial year 2016-17 was moderately satisfactory, with US$6.6 billion. That amount mainly derived from the transport and communications sector. The sector alone attracted US$3 billion FDI, making it the top sector in terms of FDI. However, it is […]
Read MoreThe Yangon Region government is going to install 21 markets with a public-private partnership (PPP) system, according to U Myint Thaung, the regional minister for planning and finance. “The regional government has planned to upgrade markets under YCDC that will use a PPP system rather than the government’s budget. There are 21 markets which will […]
Read MoreWORLD Bank and government representatives recently signed an agreement for a US$100 million (K134.9 billion) World Bank loan to the Myanmar Financial Development Project in mid-April. The representatives signed the loan for SDR71.700 million, which equals US$100 million, from the World Bank with low interest. Ulrich Zachan, country director for the World Bank, signed the […]
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Thailand
