US dollar exchange rate hits the highest at Ks 1,323

The exchange rate stood at its highest point of Ks1,323 per US dollar on 19th November, according to the black market of foreign exchange , after reaching a 14-year record high on 18th November on global market. The dollar price has been on the rise for 10 consecutive days at the local foreign exchange market, […]

Five gem and jewellery emporiums to be held in 2017

Five gem and jewellery emporiums will be held in 2017, up from only one or two events held annually. Three events will sell gem and jewelry lots in foreign currency while two will be conducted using Myanmar currency, it is learnt from Myanmar Gems and Jewellery Emporium Organising Committee. “Normally, only an event is held […]

New Myanmar government may bring added investor scrutiny

Myanmar’s smooth transition to its first elected government under the National League of Democracy (NLD) has been applauded by the international community and investors alike. In May 2016, the US announced elimination of most remaining sanctions against Myanmar, marking the near-end of one of the country’s last political barriers to investment. Foreign business is moving […]

Car imports decline as Thai currency rises

As the value of the Thai baht increases along with the US dollar, the cost of importing a car from Thailand has risen by up to Ks 1 million. Therefore, the number of legal car imports over the Thai border has become remarkably low, according to import-export businesspeople. “When purchasing cars from Thailand, the price […]