Change barrels into Yangon

Every day Mr “Cassim” Khin Maung sits on the tiny balcony of the crumbling house, observing the choked street below – and fretting that his two sons may lose their sidewalk stall selling customised rubber stamps. For this city, and for him, change is nothing new. Yet around the still fit and lean 86-year-old, Yangon […]

Burmese Kyat Weakens in Light of Trade Deficit, Shortfall of USD

RANGOON — A shortfall of US currency and a growing trade deficit has weakened the Burmese kyat, bankers and businesspeople said, warning that demand for the dollar has pushed the country’s limited foreign currency into the hands of black market traders. Burma’s Central Bank has set the country’s exchange rate at 1,082 kyats to the […]

Natural Beauty Blighted by Myitsone Dam, Locals Say

MYITSONE, Kachin State — Sitting along the banks of the Irrawaddy River, Hseng Khun takes a break from her work to point out a white sign bearing a cross. “At the top of that hill, we used to pray every morning. That’s a very important site for us. We respect it. We even planned to […]