A goldsmith crafts a bangle at his workshop in Chan Mya Tharsi township. (Photo by Hlaing Kyaw Soe/The Myanmar Times)YANGON - Since the government started collecting tax on gold purchases on April 1, the size of orders placed with workshops and goldsmiths have fallen. Goldsmith Ko Naung Naung, of Chan Mya Tharsi township, Mandalay Region, said the downward trend was worrying. Another goldsmith, Ko Nay Zaw Myo, said shops previouly placed order after order, according to a report in The Myanmar Times. Orders have dropped because sales have dropped because of the tax,” Ko Kachin, a pieceworker, said.

Source: Bangkok Post April 27, 2017 09:00 UTC