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Unlicensed forex traders hauled in for questioning

Investigations are under way on several “Lay Patkar” traders, or unlicensed speculators dabbling in illegal trading of foreign exchange, a senior official from Yangon Police Force told The Myanmar Times. After the dollar-to-kyat exchange rate hit a high of K1,642 in the local market on September 20, four dollar traders from Shwe Bon Thar Street […]

Police Crackdown on Counterfeit Smartphones

After successfully conducting the largest counterfeit smartphone bust in Yan­gon history, Myanmar Police Force are joining forces with Huawei De­vice Myanmar to elimi­nate the distribution of fake smartphones. Following an anony­mous source, police de­scended on Yuzana Plaza and Mingalar market on August 3 to root out and arrest fake phone dealers. When the dust set­tled […]