Myanmar's economic woes mount with plunging currency, fears grow for food supplies

In the months ahead, the kyat's depreciation may even affect Myanmar's food supply. PHOTO: NYEIN MOE AUNG
New: Gift this subscriber-only story to your friends and family

BANGKOK - In Yangon's working class township of Hlaing Tharyar, Ms New Ni's husband used to support his family of three by ferrying passengers on his motorcycle. He had to stop this month, because spiralling fuel costs made it too expensive to run his taxi service. Plus, nobody wants rides anymore.

"People don't take the motorcycle anymore. They walk to the market, or they walk from the bus stop to their home," the 32-year-old housewife told The Straits Times. There are months now that the couple cannot afford their rent of 60,000 kyat (S$42), but that is not their primary concern. "We can't afford much else except our daily meals," she said.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.