The dollar has been strengthening in value for much of the year against the kyat, though this accelerated rapidly in June – until the afternoon of June 11, following intervention from the authorities.
Natural gas exports earn Myanmar US$170 million each month, with a total of 1.6 billion cubic feet per day of natural gas exported to Thailand and China, according to the Ministry of Energy (MoE).
Responsible mining was under the microscope as government, private sector and civil society groups met on June 12 in Nay Pyi Taw to discuss striking a balance between economic development and environmental protection.
Angry drivers are blaming paperwork confusion for a snarl-up in their efforts to trade in their old vehicles for permission to import new ones. Some have been told they will have to wait two years or more to offload vehicles they thought they would soon see the back of.