Myanmar exporters concerned over falling dollar rate

Traders are concerned about international demand and export revenues in Myanmar, which have taken a hit as a result of lower demand and a weaker dollar exchange rate. The Central Bank of Myanmar’s (CBM) reference exchange rate was set at K1287.4 per dollar on November 3, its lowest level in two years. “The dollar price […]

The Price of Gold Reaches a New Record High

The price of Gold (99% pure gold) in local markets has set a new record high, reaching over K1 million per 1 tical (16.32 gram) on September 19. Meanwhile gold price in global market was at $1,300 per ounce in May and dropped to $1,205 on September 17. But the gold price hike in local […]

Yangon Contractors Face Trouble

Due to the dollar rate appreciation, bad weather, and a sluggish market, contractors are facing difficulties and troubles. In order to address the issue, an event was held at The Sky Star Hotel on July 21. The event that was drafting the Apartment Law gave the opportunity for many to express their feelings. Feelings of […]