Aug 31, 2017

Foreign company wants to purchase Wolfram concentrate from Myanmar

for more information, please contact evi@myanmar-business.org

Rice broker available to help foreign companies purchase rice from Myanmar

for more information, please contact evi@myanmar-business.org

Aug 26, 2017

European manufacturer of chocolates looking for Myanmar importer and distributor

For more information, please contact evi@myanmar-business.org

Aug 9, 2017

Myanmar accounts for 1.6 percent of world rubber export

There are more than 90 rubber exporting countries around the globe, with Asian countries accounting for 80 percent of the world rubber export, while African countries export 8.5 percent.

Between April 1 to July 28 of this fiscal year, Myanmar exported 10,000 tons of rubber via sea route and more than 30,000 tons via border trade. About 75 percent of rubber export is from Muse 105th Mile border trade camp and Chinshwehaw border trade camp on China-Myanmar border.

This year Myanmar is exporting rubber to six countries, with most of the exports going to China, Malaysia and Japan, according to the Commerce Ministry.

From July 22 to 28, Myanmar exported 1,055 tons of rubber worth US$ 1.352 million inland — 108 tons of RSS-3 rubber and nine tons of RSS-5 rubber via Muse border trade zone, 358 tons of RSS-3 rubber and 93 tons of MSR-20 rubber via Chinshwehaw border trade camp and 106 tons of rubber latex via Tachilek border trade camp.

From July 23 to 28, Myanmar exported 479 tons of rubber worth US$ 0.654 million via sea route — about 81 tons of TSR-20 to China, 247 tons of TSR-20 rubber to South Korea and 151 tons of MSR-20 to Japan.

Source: The Jakarta Post

Aug 7, 2017

Foreign microfinance company expanding operations in Myanmar and looking to hire prospective employees

We are currently looking to fill the following positions:
- Senior Human Resource Manager
- Accountant (2-3 years) experience
For more information, please contact evi@myanmar-business.org

Aug 2, 2017

Myanmar’s First Credit Bureau to Receive License Next Month: IFC

Myanmar’s first-ever Credit Bu¬reau will launch in the next 9 to 12 months as it finishes receiving li¬censes and trainings from the Central Bank of My¬anmar (CBM), according to International Finance Corporation (IFC).

“The CBM is due to complete the licensing process sometime next month. Coupled with the timeline mandated by the Credit Information Re¬porting System, the credit bureau should be fully functioning in the next 9 to 12 months,” said Khin Thida Maw, country of¬ficer of IFC.

Over the last three years the IFC has been working with the CBM and other key stakeholders to de¬velop the nation’s inaugu¬ral Credit Bureau by fine-tuning mechanisms for licensing, data collection, protection requirements, etc.
The bureau is a joint venture between Myan¬mar Banks Association (MBA) and NSP Hold¬ings, a Singapore based firm with extensive expe¬rience operating the cred¬it bureaus that changed its name to Asian Credit Bureau Holdings to better suit its consulting activity.

Last year DICA gave Myanmar Credit Bureau Limited the green light on the condition that they submit all data they col¬lect to the MCB.

“The establishment of a Credit Bureau is monumental in promot¬ing transparent business practices and preventing acts of fraud or financial misrepresentation,” re¬marked Dr. Hla Nyunt, Deputy Managing Direc¬tor (IBD) of Global Treas¬ure Bank. He explained that the bureau will be able to prevent borrowers who’ve defaulted on loans from seeking additional funds from other banks.

In addition to collect¬ing information regard¬ing loans, credit history, tax documents, the IFC is working to expand the Credit Bureau reach to gather information on microfinances, and rent and utility payments, said Khin Thida Maw.
“The Bureau can’t guar¬antee fraud won’t occur. But offering lenders the resources of an effective credit bureau bet¬ter equips them to com¬prehensively evaluate entities before providing loans,” she added.

According to an an¬nouncement issued by the World Bank and Interna¬tional Finance Corpora¬tion (IFC), in Myanmar the percentage of com¬panies receiving financial services from banks is the lowest among the ASEAN countries.

The IFC is currently training CBM staff in the necessary capabilities to effectively operate the Credit Bureau.

Source: http://www.mmbiztoday.com/articles/myanmar-s-first-credit-bureau-receive-license-next-month-ifc

Jul 23, 2017

EU cigarettes manufacturer looking for Myanmar partner/distributor

European manufacturer of cigarettes is looking for Myanmar partner company for import and distribution of cigarettes for the mass market.

For more information, please contact evi@myanmar-business.org

 
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