CHDB to offer instalment system for government’s low and fair cost apartments

Construction and Housing Development Bank (CHDB) will offer an installment system for the low-cost and fair-cost housing apartments which the government will soon offer for sale, it is learnt from CHDB. The low-cost housing apartments will sell for between Ks9.7million to 13.4million per home, with each 19×25 unit. Those who want to buy those apartments […]

Industry banks add to sector’s risk

With each new approval of an industry-focused bank, Myanmar’s banking sector becomes riskier. Instead of creating more banks, Myanmar should streamline its existing institutions to minimise the chance of a banking sector crisis, according to international advisers, who have warned the government against the systemic risks created by sector-specific banks. However, despite an already crowded […]