Fake peanut oils push firms to bankruptcy

Around 90 per cent of peanut oil dealers went out of business in the last two years since substandard and fake varieties started to dominate the market, according to producers. “The fake oils need to be stopped,” said a manufacturer. “It just takes a few chemicals to make palm oil smell and look like peanut […]

MRF to Control Rice Prices

The Myanmar Rice Federation (MRF) will work towards controlling the price of rice at open wholesale rice centres in Yangon and other regions, according to U Aung Than Oo, chairman of the MRF. “The federation will monitor who increases the wholesale price of rice. If they find price gouging by rice distribution centres, we will […]

Soaring rent is squeezing out retailers in Yangon

Retail space rents are increasing as much as 50 percent year-on-year, squeezing not only small and medium enterprises, but also big business, out of profitable areas in Yangon, local businesses and experts said last week. A fruit vender sorts through stock at his Yangon shop. Local shopkeepers admit they are in danger of losing their […]

Myanmar Parliament to consider constitution amendment and other bills

The Parliament would discuss a number of bills and a plan to set up a commission to review and study for the amendment of the 2008 Constitution during its regular session on Tuesday (25). During the session Union Assembly (Parliament) representatives will also approve 13 bills, including farmer protection bill. The 12 other bills to […]