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Myanmar: Domestic rice prices hit record levels

The price of high quality domestic rice has risen the most in five years, driven by rising demand, inflation and potential price manipulation, local traders said. According to data from the Myanmar Rice Federation and Myanmar Rice and Paddy Traders Association, a bag of Ayeyarwady Paw San rice had hit K52,000 in August, which is […]

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Time for Myanmar to grow away from illicit trade

Since initiating reform in 2011, Myanmar has made progress in rejoining regional and international communities – transitioning to a market economy, liberalising trade and investment and promoting industrial development. Yet decades of political instabilities and civil unrest have sown the seeds of an extensive illegal economy, ranging from illicit trade in drugs, logging and mining […]

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