The average inflation rate in late May stood at 4.29 per cent, a slight increase compared with 4.12 per cent in late April, according to the Consumer Price Index (CPI) and Inflation Rate by the Central Statistical Organisation. In late May, Mandalay topped the list of inflation with 8.51 per cent, followed by Rakhine with […]
Yangon Amends Municipal Law, Creates Vice Mayor Position
YANGON — The Yangon regional Parliament has approved amendments to the municipal law that will see a vice mayor elected in a secret ballot. The Yangon City Development Committee (YCDC)’s executive board initially consisted of nine members: the mayor, four appointed members and four elected individuals, but it was later expanded to add two elected […]
Dealers hurt by jade arrests
The dealers of uncut jade pieces in Hpakant Township, Kachin State, say they are hurt by continuous jade arrests. The arrests began this year where the police and army inspect cars and motorcycles at the city gates for uncut jade pieces. The dealers say they have to pay money to recollect the confiscated jade later. […]