Latest news with #UWinShein
The Star
19-07-2025
- Business
- The Star
Myanmar to offer low-interest loans to drive growth in agriculture, livestock sectors
YANGON (Xinhua): The Myanmar government will disburse low-interest loans from the State Economic Promotion Fund, aiming to promote the country's agriculture and livestock sectors, state-owned daily The Mirror has reported. At a Union Price Stability Committee meeting held in Nay Pyi Taw on Thursday, Union Minister for Planning and Finance U Win Shein said the government plans to disburse 688 billion kyats (US$327.61 million) in agricultural loans for over 5 million acres of land in the 2025-2026 fiscal year, the report said. The minister called for high production of foodstuffs to ensure proper prices, promoting agriculture and livestock-based manufacturing, and expanding the cultivation of edible oil crops, it said. The Union Price Stability Committee, formed on August 18, 2023, is working on basic food price stability, balancing between local needs and production, ensuring the proper flow of goods in and out and supervising matters that disrupt commodity price stability in accordance with the law, the report said. - Xinhua
The Star
28-06-2025
- Business
- The Star
Myanmar marks MSME Day with focus on digitalisation
YANGON (Xinhua): Myanmar commemorated Micro, Small, and Medium Enterprises (MSME) Day with a formal ceremony in the capital Nay Pyi Taw on Friday, state media daily The Mirror reported Saturday. Speaking at the event, Deputy Prime Minister and Union Minister for Planning and Finance U Win Shein said that MSMEs are the backbone of the global economy and play a vital role in poverty reduction and achieving long-term sustainable development, the report said. He said that over 90 percent of businesses are under the MSME category, generating between 60 percent and 70 percent of employment opportunities, it said. He also highlighted the necessity for MSMEs to embrace digital systems to survive and thrive in today's rapidly evolving economic landscape, saying that digitalisation enhances operational efficiency, expands access to domestic and international markets, improves customer service, and boosts competitiveness, the report said. Afterward, attendees viewed a video presentation and toured an MSME product exhibition featuring goods from Nay Pyi Taw Union Territory at the event, the report said. Senior government officials, including ministers and deputy ministers of related ministries, attended the event. - Xinhua
