UK aid agency invests $1.1m to build Myanmar’s micro-insurance

The UK Department for International Development (DFID) and a Swiss insurance technology firm are set to invest US$1.1 million (K1.7 billion) in Myanmar’s micro-insurance market. The aim is to reach 600,000 people in a bid to expand and develop the country’s insurance and risk-transfer market. Stonestep AG, a Swiss micro-insurance technical services company, and the […]

Some Gov’t Housing Projects May be Rent-to-Own

A total of 1,864 apartments from affordable housing projects will be leased as rental units, said the Department of Human Settlement and Housing Development. The majority of low-income people cannot afford the price of low-cost apartments and even cannot pay the required down payment of 30 percent. “For low-income people, we will implement a rental […]

Most Myanmar have hopes high for the future, survey finds

A public opinion survey which found that nearly 90 percent of those questioned believe Myanmar is heading in the right direction has also revealed serious concerns about low incomes, unemployment, a lack of aid for the farm sector and the quality of healthcare and education. The survey of 3,000 people, interviewed throughout the country from […]