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NEWS UPDATES Asean Affairs   September 24, 2018  

U.S. dollar exchange rate results in commodity price hike

U.S. dollar exchange rate against Myanmar kyat has reached its historical high level, affecting the import market and prompting a commodity price hike in Myanmar, Xinhua reported.

The U.S. dollar exchange rate continued to rise sharply to 1,630 kyats per dollar in the country's domestic market on Friday as a follow up of the jump to more than 1,500 kyats per dollar since early August as set by the Central Bank of Myanmar.

Due to the rapid rise of the U.S. dollar exchange rate, prices of imported commodities and raw materials which are vital in the manufacturing sector reached its peak.

As a result, local people especially those with low-incomes are battling with the high prices of food and imported pharmaceuticals.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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