The US dollar has been sliding against the Kyat in the local currency market, with the exchange rate touching a low of K1,500 per dollar on 5 December, ----------
The value of Myanmar’s imports surpassed exports in bilateral trade with Singapore in the 2018-2019 Financial year, according to data from the Ministry of Commerce.
With gold prices sliding in the global market, the price of the yellow metal in the domestic market is likely to continue falling, according to gold traders.
Despite the surge in onion prices in the local market, onion imports will not be allowed during harvest time, said Deputy Minister for Commerce U Aung Htoo. The minister said imports will be allowed only if there is a shortage of onions in the local market coupled with a price escalation.