Friday, April 29, 2016
The Myanmar Times
The Myanmar Times

SME sector faces risks and reward under NLD

Myanmar's small and medium enterprises will face both opportunity and risk under the incoming National League for Democracy government, industry observers say. In particular, an expected increase in foreign direct investment could separate the strong from the weak.

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Momentum needed on international trade progress, say officials

Trade and finance officials are looking forward to building on the experience and achievements of the past five years of democratic and financial transition.

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Woori plans bigger loan book

South Korea’s Woori Finance Myanmar is planning on providing at least K1.5 billion in small loans across four branches this year according to U Aung Swe Min, the firm’s general manager.

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Bidders cry foul on Yangon Region government tender

Two unsuccessful bidders for a Yangon Region government tender have claimed the government decided on the winner before the selection process, and the chair of one of the firms intends to petition the new government.

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Loi Hein ramps up real-estate ventures

Drinks manufacturer Loi Hein Company has shelved plans to list on Yangon’s stock exchange, but a series of potential foreign joint ventures means the firm should have no difficulty growing, CEO Sai Sam Htun told The Myanmar Times.

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Bogyoke shopkeepers talk hopes and fears

A historic election, political transition and a new president – not exactly business as usual for Myanmar.

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Serge Pun calls meeting with brokers over FMI volatility

First Myanmar Investment’s chair Serge Pun called a meeting of securities companies this week following a volatile day’s trading in his company’s shares, while Yangon Stock Exchange officials said securities firms must make more effort to explain trading risks to their clients.

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Daiwa liquidates advisory subsidiary

A subsidiary of Daiwa Securities called Myanmar Corporate Strategic Advisory will be liquidated in order to allow the Japanese group to focus on its role as an underwriter and broker on the Yangon Stock Exchange, a company official said yesterday.

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NLD reps propose suspension, review of Parkway hospital project

A parliamentary committee has recommended the incoming Yangon Region government suspend two approved projects on state land, including a US$70 million private hospital.

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Power sector: Lofty goals, missed targets

The power sector in Myanmar over the past five years has been characterised by ambitious plans and unrealised targets. While a few power projects have been completed during the outgoing government’s term, others were suspended or cancelled and dozens more remain in limbo.

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