The Myanmar Times
The Myanmar Times

Credit guarantee insurance not helping small businesses

Credit guarantee insurance was introduced under the former government in 2014 but the system has not been widely adopted by banks and businesses. As a result, financial support for SMEs remains inadequate.

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K722 million to fund two state-owned electric power firms

According to the 2017 Union Budget Law, K722 million has been allocated for Yangon and Mandalay electricity corporations – K529 million will go to the Yangon Electricity Supply Corporation (YESC) and Mandalay Electricity Supply Corporation (MESC) will receive the rest, K243 million. Both are state-owned organisations under the Ministry of Electricity and Energy.

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Will government meet target on low-cost housing?

Under the previous government, the construction of low-cost apartments failed to reach its target. With the new government, we have to wait and see whether or not the specified numbers of low-cost apartments can be built in time.

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K2 billion worth of illegal trade seized at Yaypu checkpoint

In order to crack down on illegal trading, the current government has launched the Yaypu Border Inspection Camp which seized roughly K2266 million worth of jade and timber within the first two months of its operation, according to information provided by the Camp.

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SMEs squeezed with little government support

After the new NLD-led government came into office, supporting small and medium enterprises (SMEs) was included in the 12-point economic policy released by the administration last year. A year has passed but little has changed for those enterprises so far.

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Myanmar-China crude oil pipeline to commence next month

After a two-year delay, the Myanmar-China crude oil pipeline is expected to begin operating in May, officials said this week.

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Liberalisation should start this fiscal year with less determination by centrally planned governments

Myanmar’s government, into their second year. Interview with Peter Beynon from the British Chamber.

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NLD’s one year anniversary: no systematic consultation dampens investor confidence

“Bliss was it in that dawn to be alive,” wrote William Wordsworth of the terrors of the French Revolution. The sentiment was not much different a year ago in Myanmar, where many were anxious about the transition, which was less tumultuous than one might anticipate. But the new government has yet to deliver effective changes.

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Businesses losing patience as dialogue does not turn into action

Myanmar’s new government, one year on. Interview with Aye Thiha from the American Chamber.

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NLD’s one year anniversary: government’s economic focus a little thin on substance

While a year has passed since the new government proclaimed “It’s time for change”, there’s no evidence of substantive changes for the private sector. Bureaucracy, lack of policy clarity and political uncertainty have dampened the mood of businesses.

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