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Survey finds 37% of families can’t afford health emergency

More than 35 percent of Myanmar households are not ready to shell out K200,000 (US$130) for emergency health care, according to Asia Foundation’s City Life Survey 2018. The foundation conducted the survey of 2414 people in 228 wards of Yangon, Mandalay, Monywa, Taunggyi and Mawlamyine cities from September to October 2018. It said that up […]

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 […]