Group warns of low-quality cooking oil

Up to 80 percent of the vegetable oil sold on the local market is mislabelled, causing headaches for legitimate manufacturers and consumer confusion, according to local vegetable oil producers. U Khin Soe, chair of the Myanmar Edible Oil Millers Association, said that 90pc of local producers have halted operations due to the spread of cheap, […]

MAPCO’s power plant and rice mills open in Ayeyawady

Mapco Golden Lace’s project in Ayeyawady. A 2.2-megawatt power plant and two rice mills opened in Kyaiklatt Township, Ayeyawady Region, on May 15. The Myanmar Agribusiness Public Corporation (Mapco) and six shareholders under the Golden Lace Company jointly operate the firms with a 55:45 ownership ratio. The Mapco Golden Lace has gained licences from the […]

Myanmar’s commodity prices jump up 90 percent after government pay raise

Myanmar has seen an increase of 10 to 90 percent in commodity prices within a year after the government gave a pay raise of Ks 20,000 in monthly salary to its personnel in 2013, according to sources. The government gave the pay increase starting from last April, forcing the commodity prices to go up, which […]