direct loans

Why the construction sector is ailing and how it could recover

November 6, 2017 by Thiha

To help the construction and real estate sectors expand and stay profitable, government support in the form of tax and loan policy reforms is necessary, developers said. Currently, developers must pay taxes of up to 10 percent on the sale of condominium units priced between K100 million to K500 million. Meanwhile, buyers must pay a […]

Filed Under: Latest News Tagged With: chair of MKT Construction, condo market, Condominium law, construction and real estate sectors, development and construction, development of Yangon, direct loans, domestic banks, economic development, Foreign Banks, foreign construction companies, Foreigners, government efficiency, high borrowing rates, Income, Interest Rates, Internal Revenue Department, laws and regulations, Myanmar Construction Entrepreneurs Association, Myanmar Times, Myo Myint, One-Stop Service, redundant policies, sale of condominium units, Small and Medium Enterprises, SMEs, Stamp Duty, stringent bank collateral requirements, tax and loan policy reforms, The average price, U Phyo Min Thein, U Tha Aye, Various Sectors, Vice Chair, Yangon, Yangon Chief Minister U Phyo Min Thein, Yangon City Development Committee, YCDC

US Exim Bank Raises Hopes in Myanmar With Credit Offer

February 24, 2014 by thiha

YANGON — Local businesses are hoping for more foreign investment in Myanmar, after the Export and Import Bank of the United States (Ex-Im Bank) began offering credit for trade with the country last week. US businesses are considering their options in Myanmar, after staying away for over a decade due to economic sanctions imposed on […]

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U.S. Ex-Im Bank Opens for Business in Myanmar

February 21, 2014 by thiha

The U.S. Government has taken another important step in helping to reintegrate Myanmar (referred to as Burma for official purposes) into the global economy. On February 6, 2014, the Export-Import Bank of the United States (Ex-Im Bank) announced the opening of financial support for qualified short-term and medium-term U.S. export sales to Myanmar. Over the […]