Mandalay firms fight forex their own way

Betting the US dollar will continue to strengthen against the kyat, importers and distributors are raising prices to beat the exchange rate. “We set the price higher, but then offer promotions for our customers to encourage them to continue buying,” said U Hla Phone Kyaw, director of Rainbow Bridge Distribution Company, which imports high-end brands […]

Taking aim at China’s fertiliser dominance

The price of Chinese-manufactured fertiliser has increased significantly in the last few months, with traders blaming a weakening kyat and increasing transportation charges. Since the beginning of March, the market cost of 1 yuan has gone from K156 to about K180, while transportation costs between the fertiliser factories and the Muse border gate has gone […]