Local SME entrepreneurs will receive at most 50 million kyats loans under Credit Guarantee Insurance, provided by JICA through Myanmar Economic Bank and six other local private banks.
Business
Paris in August is calmer than most months with the locals on holiday, and this year is proving particularly quiet as tourists who typically flock to the City of Lights aren't turning out in their usual numbers.
The global seed-stage startup competition for emerging markets and fast-growing startup scenes took place in Yangon, Saturday. This is the second edition of Seedstars world program.
Myanmar fishery sector is still required technical assistance in producing high quality product for promoting the export volume, the industrial leaders claimed at the two days workshop between government officials, fishery federation and UNCTAD in Yangon on Tuesday.
Millennial US winemakers have established what they call the first commercially viable rooftop vineyard in New York, hoping to create their first vintage next year.
To be more convenient in the custom service for the international trade and investment, the Custom Department under the Ministry of Planning and Finance will operate Myanmar Automated Cargo Clearance system (MACCS) with the assistance of JICA and the test-run of the system will start this month.
The investments for industrial sector will be prioritized in order to provide more job opportunities to local people, according to the Myanmar Investment Commission.
7.5 million tourists are targeted to receive in next three years according to the Director General of the Ministry of Hotels and Tourism at the Myanmar Hospitality and Tourism Conference 2016.
The Bank for Investment and Development (BIDV) launched its Yangon branch on Sunday.
UK Parliamentary under secretary of State for the Department of International Trade Mark Garnier visited Myanmar to engage with local businesses community.