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CNI News
2 March 2024
Despite reports that the price of gold within the country has reached over 39 lakhs at present, the price was just a rumor, denied the Yangon Gold Entrepreneurs Association (YGEA).
Gold shops were not trading at that price and they were trading at a little higher price than the one designated by the YGEA, said association.
According to the prices of gold released by the YGEA on 29th February 2024, the price of pure gold is about 3.661,000 million kyats and there is a gap of 200,000 kyats between the selling price of gold of gold shops and the one designated by the YGEA, according to the gold market.
Gold shops selling at a price much higher than the reference price will be taken action against by closing them for three months, U Myo Myint, chairman of the YGEA, told CNI News.
While seeing a gold shop
" The price of gold isn't 39 lakh kyats. It's just a rumor. If you go and sell your gold at this price, no one will buy your gold. If there' someone who will buy at this price, people will sell their gold by the ton. Real price is a little different from the one designated by the YGEA. If a gold shop sell at a much higher price than the price designated, the shop will be closed for three months by the department concerned." he said.
Because of spreading rumors and raising prices of gold, the gold market is volatile and the transaction is in a stalled state, according to the gold market. Most of gold shops have suspended sales reportedly.
Some people who buy and collect gold want to make a profit were creating the current situation to raise the price of gold by spreading rumors and most regular gold traders wanted the price of gold to fall and stabilize the price, U Ohn Myaing, secretary of the Myanmar Gold Entrepreneurs Association, told CNI News.
"I heard that price. But I don't know whether there is a transaction or not. I heard that the price was 3,885,000 kyats per tical not long ago. But now the price has been 3.9 million or over 3.9 million. The gold market has been volatile due to rumors kind of. People talking about this price online are not those who work in the gold industry. Those who have bought a viss of gold or as able as they could are posting the price online because they want to make a profit. Gold entrepreneurs want the price to fall or to be stable. Whenever they hold a large of money, they might make a profit. Only when the amount of gold increases in their hands, they make a profit." he said.
While seeing a gold shop
Although the relevant authorities called and interrogated gold shop owners and gold entrepreneurs as a regulator of the price of gold, it didn't help to stabilize the price of gold.
Moreover, domestic price of gold might exceed the record price that occurred last year, pointed out gold market analysts.
Domestic price of gold might remain around 38 lakh kyats per tical and the price might change only when the gold production from the gold mines would be suspended, said gold market analysts.
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CNI News
1 March 2024
As the number of Myanmar workers who entered China through Nandaw and Sinphyu Gates is too many, their wages were reduced, philanthropic associations in Muse told CNI News. Moreover, among the Myanmar citizens who have arrived in the Chinses side, some of them are getting into trouble, they said.
" There are too many Myanmar workers who have arrived in the Chinese side. Many of them are jobless. They don't get jobs at once. Many people from Myanmar entered China without having contacts. After they heard the road to China has been open, they entered China massively. On the Chinese side they don't get jobs at once. Some of they have run out of money to come back. Some were cheated. Because of too many Myanmar workers, their waged are reduced. In the past, the workers were paid 1,800 to 2,000 yuans. But now they get only 1,500 yuans." said an official from the Beautiful Heart Charity Association (Muse).
Myanmar people tend to enter the Chinese side with red books that are valid to stay in China for one year or one time use Temporary Border Pass (TBP) and there are also Myanmar overstayers on the Chinese side. Chinese authorities are arresting the overstayers.
While seeing the red book of residence permit in China
Myanmar overstayers have been arrested by the thousand at present. According to the Chinese law, overstayers could be sentenced to 15 days or one month in prison, philanthropic associations in Muse told CNI News.
However, there are many Myanmar people who want to enter the Chinese side and they are waiting in line to get tokens reportedly. As there are so many people who want to enter the Chinese side and brokers are asking over 10 lakh kyats to send a person to the Chinese side, an official from a charity association in Muse, told CNI News.
While seeing Myanmar citizens taking tokens to enter the Chinese side
"Now it's difficult to enter or leave China. Those who exploit the situation are many. I wonder if they are staffs or brokers. Those who want to get red books have to take a long time by waiting in line. If you hire a broker, they will ask you 10 lakh kyats and above. For example, you may pay 10 to over 20 or 28 lakh kyats. You have to wait as well." he said.
At present, 300 tokens are being issued daily on average for the appointments and only the residents of Muse, Namkham, Man Hio and Pangsai (Kyucote) in Muse District are allowed to apply for red books that are valid for one year.
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CNI News
1 March 2024
The State Administration Council declared Momeik and Mabein Townships as martial law areas on 28th February 2024. Because the townships are included in the Northern Command territory, the commander of the Northern Command will administer these townships.
Because the townships have been designated as martial law areas, the commander has the rights to manage the issues of administration, security, social, trade and transportation.
In the two townships, battles are severely breaking out between the Tatmadaw and the Kachin Independence Army (KIA)/the People's Defense Force (PDF) joint forces.
Moreover, battles are severely taking place between the Tatmadaw and the Ta'ang National Liberation Army (TNLA).
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CNI News
1 March 2024
Because the policy regarding export earnings gained from exporting rice, corn and rubber has been changed again, exporters are facing difficulties reportedly.
In the past, exporters were allowed to sell 70 percent of export earnings to the companies that import fuel and edible oil at the market price. Of the remaining 30 percent, 65 percent could be sold at the market price and 35 percent, at the price designated by the Central Bank of Myanmar.
Afte that, as a further amendment, in the second week of February, if exporters imported fuel and edible oil, 70 percent of the export earnings could be sold at the market price and the remaining 30 percent would compulsorily be sold at 2,100 kyats per dollar, the price designated by the Central Bank.
However, exporters must cancel the contracts with the companies that import fuel and edible oil and 70 percent of export earnings must be sold to the authorized dealer (“AD”) banks at 3,150 kyats per dollar. So, exporters lose 300 kyats per dollar, U Thant Zin Tun, vice chairman of Myanmar Corn Industrial Association (MCIA), told CNI News.
While seeing the exports
" Exporters have other difficulties such as renting a ship. But there are transportation difficulties now and some delays due to route security. We have bought the goods after calculating, depending on the prices designated. Because the policy has changed, it's like we have bought the goods at higher prices. We lose 100 to 300 kyats per dollar. But it' not been stable." he said.
The export earnings policy has often been changed since July, 2023 and the policy has been changed four times already. The policies regarding import and export need to be stable and only if the policy was stable for six months at least, would it be convenient for market negotiation and for benefits, pointed out traders.
Because traders have got less profits due to the policy that has been changed, domestic prices of rice, bean, corn and rubber will fall and it could adversely impact on farmers.
While seeing the exports
So, export policies needed to be stable and it was necessary so as not to have a wide gap when designating the foreign exchange rate, an official from Myanmar Rice and Paddy Traders Association, told CNI News.
" There are times when profits are high and times when they are low for exporters due to unstable export policy. We have to export regularly exported goods and compulsorily exported goods. Now the exporters suffer. But depending on the policy, sometimes traders tend to make a lot of profit. It is more convenient if there is no situation in which one side gains too much and the other loses." he said.
Although there are some losses for exporters due to the policy that was recently changed, importers of fuel and edible oil make a little profit. So, the government should make the policy stable and needs to regulate the foreign exchange market, pointed out traders.
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CNI News
29 February 2024
A Thai MP's request to the Thai government to allow Myanmar refugees who fled to Thailand to work temporarily has not been easy to accede to at once, those helping in the affairs of migrant workers, told CNI News.
Kanavee Suebsang, an MP from the FAIR, an opposition party, called on the Thai government last week and a plan should be put in place to respond to an emergency within six months to come, he said.
There was a request like that in the past and practical training was conducted to allow refugees to work. But later, the plan failed for some reasons, U Min Oo, incharge of labor affairs from the FED, told CNI News.
" If a proposal is submitted, it is discussed in the parliament. when they discuss, it is not determined by the labor perspective and the economic perspective only. Especially the Ministry of Home Affairs and Ministry of Labor here and according to their rules and regulations, if the proposal is approved depending on demand, a cabinet resolution comes out. And then, the king has to approve it. And then, it comes into force. It's not easy to accept this request and implement it. But we can't say for sure." he said.
Thai MP Kanavee Suebsang from the FAIR party
Humanitarian aid operations are being currently led by Thailand and the plan might lead to a discussion that will involve the SAC, EAOs and the NUG, The Straits Times quoted the Thai Deputy Foreign Minister as saying in early February.
Due to these circumstances, if the dialogue takes place, the request may be implemented, those who are helping in the affairs of migrant workers reviewed.
Temporary work permits were issued for the first time under the Thai government led by former Thai PM Thaksin. So, the request may be acceded to, Ko Thargyi, a person who is helping in the affairs of migrant workers, told CNI News.
"Temporary work permit cards were issued under the government led by former PM Thaksin over 20 years ago. At that time, so many Myanmar people entered Thailand and they were allowed to work temporarily across Thailand after getting a temporary work permit called Baht Pink Card. This opposition party's request is not futile. It was like a historical tradition and according to the existing law of Thailand, if it is allowed, it can be allowed." he said.
Myanmar refugees at the Thai-Myanmar border
On the other hand, Thai PM Srettha has expressed that Myanmar citizens who come to Thailand illegally would be taken action against. However, Kanavee Suebsang, an MP from the FAIR, an opposition party, said that Myanmar citizens didn't sneak into Thailand, but they fled to Thailand.
They escaped death. They were escaping from military conscription. So, the request should be taken into account out of humanitarian concerns, urged Kanavee.
Thai authorities are carrying out to start 'Humanitarian Pilot Program' in Tak District where about 100,000 Myanmar refugees are taking refuge in March and materials to be supplied will be received by Myanmar Red Cross Society at a designated place in Maesot after security and other checks are conducted and then MRCS will support the refugees.
There were concerns about how to handle the materials to be supported when they arrived in Myanmar side, said Thai FM Pampree on Thai PBS News.
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CNI News
29 February 2024
Sr-Gen Min Aung Hlaing, chairman of the State Administration Council (SAC) and Commander in Chief of the Defense Services explained the preparations for the ability to hold free and fair elections to senior military officers, the instructors and trainees from the National Defense University reportedly.
The Commander in Chief explained the preparations to the senior military officials through video conferencing on 27th February, 2024.
Due to the fact that no solutions were provided in accordance with the law when vote fraud occurred in the 2020 general election, the SAC took the responsibility of the State according to the 2008 Constitution and the SAC laid up two political objectives and two national objectives and was implementing them, which Sr-Gen Min Aung Hlaing explained.
While seeing Sr-Gen Min Aung Hlaing and senior military officers
Moreover, he explained about making the State go on strongly walking on the path to multi-party democratic system and preparations of holding free and fair elections, and implementation of objectives after being laid up.
After elections were held, the State power would be handed over to the winning party and census taking across the country would be conducted in 2024 after which elections would be held, said Sr-Gen Min Aung Hlaing every so often.
Battles are currently breaking out between the Tatmadaw and armed groups across the country and the Tatmadaw has lost control of many territories. So, political and military analysts pointed out that it was still impossible to hold elections.
The SAC and the Tatmadaw need to make territories stable and to regain the territories that have been lost. Moreover, it was necessary to have rule of law and to organize the people to believe in party politics so that elections could be held, said political and military analysts.
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CNI News
29 February 2024
The members of the National Unity Government (NUG) should not work in the interests of their own nationalities only and they should work on all-encompassing national issues, said Acting President of the NUG, Duwa Lashila.
He said the above at the meeting of the NUG held on 27th February, 2024.
" The NUG is made up of various ethnic groups including Shan, Kachin, Karen, Karenni, Mon, Burman, Ta'ang,and Chin. So, each and every member of the NUG needs to look at the national affairs and take action instead of looking ahead to their ethnicity so that we can move forward with a strong and compact national unity force in the process of building a future federal union. We need to continue trying to be more united politically with revolutionary forces on the ground. Especially, when we do relif work for the war victims, we can only deal with public issues more effectively if we have a comprehensive understanding with the forces on the ground." he said.
Moreover, on the ground, the revolutionary forces could not cooperate. So, it was necessary to beware of delays in public support activities, he pointed out.
While seeing the National Unity Government (NUG)
" It's necessary to beware of delays in public support activities because the cooperation among the revolutionary forces cannot be conducted. So, they need to try so as to be more unite politically among them." he added.
After forming the People's Defense Force, the NUG is waging an armed resistance to overthrow the Myanmar Tatmadaw and the State Administration Council (SAC).
Moreover, the NUG is in alliance with the Kachin Independence Army (KIA), the Karen National Union (KNU), the Karenni National Development Party (KNPP),and the Chin National Front (CNF) and is waging military operations.
Battles are breaking out between the Tatmadaw and revolutionary forces in Sagaing Region, Kachin, Karen, Kayah and Chin States.
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CNI News
29 February 2024
Fish farming businesses within the country are facing losses because there has an exorbitant increase in fish feed prices, transportation charges and general expenses reportedly.
Although the price of bran, the main fish feed, used to be over 8,000 per bag, the current price has been 2,000 kyats or so. The cost of fish food is about 40,000 kyats per day and the fish has to be fed from six to ten months so that they can be sold at the market reportedly.
However, because the prices of fish have not gone up, fish farming businesses have been suspended, U San Ngwe, a fish farming businessman from Zalun Township, Ayeyarwady Region, told CNI News.
" All the fish farming businessmen are facing losses. Now there have been many ponds that fish cannot be raised because fish feed price is very high and fish price is very low. The fish price is even lower in Yangon than in rural township areas. In the past, while the price of bran was 8,000 kyats per bag, the price of fish was 3,500 kyats per viss. We made a profit. But now while the price of bran is 20,000 kyats per bag, the price of fish is 4,800 kyats per viss. So, we make a loss. Only when the price of fish is 7,000 kyats per viss, shall we make a profit." he said.
High price of fish feed, lack of capital to invest more and lack of a strong market were main challenges, said fish and prawn farmers. Although domestically raised fish was exported to China and Bangladesh in the past, because of battles currently breaking out in north Shan State and Rakhine State, exporting cannot be conducted anymore reportedly.
While catching fish with a net
So, the fish market has become weak and fish farming businessmen are facing losses and nine of ten fish farmers have suspended their businesses and are growing paddy at the places of fish ponds reportedly .
When the fish production is low in the future because there is a decline in the number of fish farmers, if consuming fish increases, the price of fish may be looking up, Ko Myat Thein Tun, a fish farming businessman from Nyaungdon Township, Ayeyarwady Region, told CNI News.
" The cost for fish feed is 75 percent of all the cost. Production cost for a viss of fish is higher than the price of a viss of fish. So, many fish farmers have suspended fish farming. They are growing paddy at the places of fish ponds because the price of paddy is good. If they are making a profit from growing paddy, they might not farm fish. And then, the price of fish might be higher." he said.
Not only fish farming but also other livestock industries are facing losses because of high production cost and the businessmen are changing to other businesses.
Due to fewer livestock businessmen, the unemployment rate of farm workers also continues to rise and some livestock workers are going abroad for work.
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CNI News
28 February 2024
The number of Myanmar people who enter Malaysia illegally has increased more than before, Myanmar organizations in Malaysia told CNI News.
Although Thai authorities have tightened Myanmar nationals more soon after the mandatory military service law was approved in Myanmar, Malaysia has not taken action anything up to now, U Barbu Gyi, a person who is helping in the affairs of Myanmar citizens, told CNI News.
“There is not anything taking action targeting Myanmar citizens in Malaysia. Illegal foreign workers are arrested. Foreigners are illegally entering Malaysia like before. But the number of foreigners who illegally enter Malaysia has increased lately. There have been arrests both in the past and at present near the border. Groups that contains about 10 people each are often arrested. There are daily arrests. The people from Myanmar are entering Malaysia almost everyday. In my opinion, later more and more Myanmar people have entered Malaysia, estimating based on the number of people who are arrested." he said.
While seeing illegal residents who were arrested in Malaysia
Many illegal Myanmar people are expecting to go home through CI program and all undocumented foreigners and overstayers including Myanmar people will be allowed to go home starting from 1st March, 2024, Malaysia stated on 31st January 2023.
When the Malaysian Ministry of Home Affairs stated it, many Myanmar people wanted to go home because the People's Military Service Law was not approved in Myanmar and the statement was welcomed.
However, the mandatory military service law has been approved, the number of Myanmar people want to go home has to be watched, Ko Thet, chairman of the Lovely Heart Philanthropic Myanmar Youth Blood Donor Group, told CNI News.
While seeing illegal residents who were arrested in Malaysia
" Residence permits were no more in December 2023. Overstayers were not allowed at that time as well. But they will be allowed to go home in the end of this month. Those who stay illegally here will be allowed go back their motherland on 1st March, 2024 reportedly. The news of it has not come out exactly. But we will konw in the end of this month if the news is right or not. Everyone was waiting for this news. But because the mandatory military service law has been approved, some said they wouldn't go home." he said.
There are regular arrests in Malaysia. Employers have wanted workers holding work permits reportedly. However, workers with no permits get jobs with the help of other people. Although employment is not abundant in Malaysia, there are job vacancies depending workplace and places reportedly.