The surprise decision to fix the rate of the kyat has harmed the competitiveness of Myanmar’s rice exports, traders say, and orders from abroad are already beginning to decline.
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The confirmation of Myanmar’s first COVID-19 cases sparked almost immediate panic buying of basic commodities in Yangon, despite warnings that gathering at crowded markets could increase the risk of infection.
From bargain hunters to forgery threats, the emerging art auction scene in Myanmar is being undermined by the challenges of an untested market.
With the confirmation of Myanmar’s first COVID-19 cases, the sole laboratory that can detect the virus is under pressure to expand testing, but staffing and equipment remain limited.