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 […]

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 […]