Category: Highlights

Central Bank permits loans without collateral at 16pc interest rate

Myanmar banks have been permitted to extend loans without the need for collateral at a maximum lending rate of 16 percent

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Local banks permitted to extend more mortgages

Local banks have been permitted to allocated 5 percent of their total loan portfolio towards mortgages not exceeding three years.

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Deal signed for hydropower project

The Ministry of Electricity and Energy has announced the signing of a power purchase agreement (PPA) for the Upper Baluchaung hydropower project with Neo Energy Oasis Co Ltd, the builder of the project.

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Property market prospects better in 2019

Property transactions are likely to see a pickup in 2019 with better laws expected and payment options to help buyers afford homes now available, property agents said.

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Dala Bridge expected to be completed in 2021

Construction of the Dala Bridge, also known as the Myanmar – Korea Friendship Bridge has finally been given the green light, with expected completion in 2021.

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Taiwan’s aluminium maker launches $13m Thilawa plant

Abba Aluminium Co, headquartered in Taoyuan, held the opening ceremony for its factory in Thilawa SEZ on December 24. Initial investment amounted to US$13 million and 300-500 local employees will be hired.

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