Minister for industry Maung Myint says he is planning to take a total of US$50 million - US$20 million from Singapore and US$30 million from Vietnam - to disburse soft loans to small- and medium-sized enterprises (SMEs).

The Small and Medium Industrial Development Bank (SMIDB) has relaxed its lending rules and procedures to small and medium-sized enterprises (SMEs), according to a source at the Industry Ministry.