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Farmed fish prices rise on lower production, higher feed costs

The inability to meet domestic demand for fish and a curb by fish farms on breeding has caused the price of farmed fish to rise, says Myanmar Fisheries Federation General Secretary U Win Kyaing. The drop in overall fish stocks to satisfy local demand has been made worse by the non-availability of wild-caught fish from […]

Local coffee growers marginally hit by falling prices

A drop in global coffee prices has affected Myanmar’s coffee growers, says U Min Hlaing, secretary of Myanmar Coffee Association. Depending on the type of coffee, the price has dropped to around US$ 500 a tonne, he said. “The weather in Brazil, a major grower of coffee, was good last year so the country had […]

Ordinary folk feel the pinch from tumbling kyat

The downward spiral of the kyat against the US dollar has taken its toll on the prices that people have to pay for everyday items like rice, fish, meat, and vegetables. Housewives complain that even the prices of salt, fish paste and other condiments that are staples for ordinary folk have increased. The prices of […]

Realtors Predict Yangon Property Market Slowdown in 2015

YANGON — The city’s hitherto skyrocketing property prices are expected to taper off next year while the continuing impact of high land costs will sustain an upward trend in residential and commercial rental costs, real estate experts have said. Land values in Yangon have risen dramatically since the former military regime lowered the property tax […]

Skyrocketing commodity prices will affect millions

Basic commodity prices rose at the end of November due to the appreciation of US dollar throughout the month and the news that salaries of parliamentarians and civil servants will be increased. Critics say that the government must address these two causes in order to reverse the hike in the commodity prices. The greenback hit […]

Rice price volatility in Myanmar must be addressed, says World Bank

The price of rice in Myanmar has increased by 41 percent between 2009 and 2013, a rate much higher than neighbouring competitors Thailand and Cambodia. This has led to a decrease in Burmese rice exports and food security at home, according to a recent report by the World Bank. “Price fluctuations are common in agricultural […]

Fee increase hits Yangon liquor sellers

Liquor businesspeople may be reaching for the bottle for consolation after Yangon Region’s decision to raise the annual licence fees that shops and manufacturers must pay to operate. Fees will significantly increase for a range of different liquor manufacturers and sellers after legislation was passed on September 1, with licences for beer manufacturers increasing the […]

Govt needs proper housing policy, critics say

Instead of giving housing projects to business people close to them, the government should lay down proper housing policies to solve the problem of rising property prices partly due to market speculation, critics said. Following economic liberalization, increasing foreign investment and inflow of black money into real estate sector, property prices in Myanmar, especially in […]

Bago property market quiet as investors eye airport’s fate

Prices for Bago Region property near the border with Yangon Region have cooled as no new developer for Hanthawaddy Airport has been announced. Property in Bago was snapped up as momentum behind the new international air hub for Myanmar appeared to grow last year, with speculators anticipating economic spillover from the US$1 billion project, but […]