October 19, 2017

RISING FROM THE ASHES — Mingala Market vendors to receive low-interest loans

President U Thein Sein meets shopkeepers from the Mingala Market in Yangon.
President U Thein Sein meets shopkeepers from the Mingala Market in Yangon.

Mingala Market shopkeepers have been offered low-interest loans and more spacious stall areas after their stalls are rebuilt at a meeting with President U Thein Sein at the Yangon City Bank yesterday. The president offered words of encouragement to the shopkeepers, whose stalls were damaged or destroyed by a fire at Mingala Market in Yangon on 9 January.
The president called for the construction of tidy, durable temporary stalls for the vendors to use until the reconstruction is complete.  He also promised them low-interest loans, monetary assistance and the development of a new market that will be built according to modern architectural designs and less susceptible to natural disasters.
Yangon mayor U Hla Myint reported to the president on plans for the resettlement of the shopkeepers and for the reconstruction of the market.
Authorities have permitted the shopkeepers to collect their belongings from floors that were not destroyed in the blaze from 10 to 17 January.
The cause of the fire and cost of the devastation are currently under investigation.

 

 

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