It's not exactly the return of the black market – more of a brownout market, perhaps. But as the US dollar continues its rise against the kyat, evidence is growing that some money changers are profiting from the spread between the reference rate set by the Central Bank and what customers are willing to pay.
Riding on Myanmar’s antiquated railway network is not an experience for the impatient or infirm. American travel writer Paul Theroux, in The Great Railway Bazaar, quotes a policeman on the Yangon-Mandalay line as it breaks down for the fourth time.
A consignment of smuggled seafood captured by a customs and police team in Mawlamyine has been handed over for resale by the local fisheries department for the first time.
Anthem Asia will continue to seek investment opportunities among local companies, director Peter Witton told The Myanmar Times.
Ma Aeint Myat’s “Love Portion” shop is in the business of women’s wear and cosmetics.