Skyrocketing commodity prices will affect millions

Basic commodity prices rose at the end of November due to the appreciation of US dollar throughout the month and the news that salaries of parliamentarians and civil servants will be increased. Critics say that the government must address these two causes in order to reverse the hike in the commodity prices. The greenback hit […]

Yangon’s Hero, Wielding Power of Stop and Go

YANGON, Myanmar — For 12 hours nearly every day, Sgt. Khin Myint Maung stands in one of the most chaotic intersections in this chronically gridlocked city, untangling traffic snarls with patience and unflagging good humor. It is not the most likely résumé for a recipient of a hero of the year award from a leading […]

Myanmar’s commodity prices jump up 90 percent after government pay raise

Myanmar has seen an increase of 10 to 90 percent in commodity prices within a year after the government gave a pay raise of Ks 20,000 in monthly salary to its personnel in 2013, according to sources. The government gave the pay increase starting from last April, forcing the commodity prices to go up, which […]

Yangon gov’t to sell apartments at Ks 12 million per unit

YANGON—Apartments from the Shwe Linban low-cost housing project, located in Hlaing Thayar Township in Yangon, will soon be sold at less than Ks 12 million (US$ 12,000 ) per unit, according to the Department for Human Settlement and Housing Development. “The Yangon regional government is now discussing the sale of apartments from the Shwe Linban […]