Some wholesale businesses to jack up prices due to increased electricity charges

Some retail businesses in Myanmar have received notice from their wholesalers that prices for some commodities will be going up as electricity charges double starting this month. “With the meter charges going up, some wholesale businessmen have distributed notices in writing letting us raise our prices as the cost of electricity is higher for the […]

Competition and Hesitant Investors Put Brakes on Myanmar’s Rice Industry

Burma’s ambition to become a major rice exporter again is facing numerous hurdles, not least of which is the problem of oversupply in the world market. Domestic media reported last week that Burma’s export earnings have already slumped about US$100 million so far in this financial year because of weaker harvests caused by poor weather. […]