New tourist destinations identified in Kayin State

THE Kayin State Hotels and Tourism Department identified new tourist destinations in the region, including Padonma Cave, PhaungdawU Pagoda, and a waterfall, which will be developed as new travel attractions in Hpa-an City.

The newly developed destination, Padonma Cave, is located in the mountain far south of Tawpon Village, approximately six miles and two furlongs from Hpa-an, and it takes just over 15 minutes to travel by car. Natural water outlets inside Padonma Cave ensure that the water does not dry up, and fish are released intothe cave on New Year’s Day.

In addition, authorities conducted ground surveys to ensure that tourists can visit PhaungdawU Pagoda and the waterfall, which are located in Kyauktaung Village, Hlaingbwe Township, about 24 miles from Hpa-an. It takes about 45 minutes to travel by bus from Hpa-an, thanks to safe and reliable transportation available in all seasons.

Between 200 and 300 visitors come to PhaungdawU Pagoda and the waterfall every day, and rice with vegetable curries is served daily to the tourists. Currently, there are 22 tourist destinations in Kayin State and 60 hotels and guesthouses licensed by the government, with a total of 2,159 bedrooms.

Source: The Global New Light of Myanmar

CBM sells US$111M, 19M yuan, 79M baht in 3 weeks

The Central Bank of Myanmar (CBM) sold US$111 million, 19 million yuan and 79 million baht in the past three weeks.
CBM’s notification issued on 14 August revealed a contribution of $100 million towards the fuel oil sector. CBM announced on 9 August that it would sell $6 million, five million yuan and 10 million baht into edible oil, fuel oil and pharmaceutical sectors through online foreign exchange trading platforms in the coming weeks.
CBM sold $5 million and five million yuan for fuel oil, edible oil and pharmaceutical sectors on 2 August, after selling 69 million baht and nine million yuan for those importing edible oil, fertilizer, pharmaceuticals and medical devices on 1 August.
CBM injected $15.4 million and five million yuan into the foreign exchange market in July with a view to curbing the instability in the foreign exchange market and stopping the currency devaluation. According to CBM’s notification on 15 March, it has been joining hands with law enforcement agencies to combat and prosecute those who attempt to manipulate the currency market under the existing laws. CBM allowed authorized dealers (private banks) to operate online foreign exchange trading freely as per the market rate depending on supply and demand, starting from 5 December 2023.

Source: The Global New Light of Myanmar