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BANGKOK (AP) — Myanmar’s military government has arrested a Japanese business executive, along with dozens of local businessmen, for allegedly selling rice at prices well above the officially regulated ones, state-run media said Monday.
TOKYO — Myanmar authorities have released a Japanese man from detention, Japan's foreign ministry confirmed on Tuesday (Aug 13), following reports in media of the release of a manager of supermarket giant Aeon's local unit.
TOKYO (AP) — A Japanese business executive who was detained in Myanmar for more than a month has been released after being convicted of violating rice pricing rules, officials said Tuesday.
YANGON/BANGKOK -- Myanmar's military regime is tightening its grip on a range of industries from retail to real estate as the country grapples with inflation and capital outflows, though its crackdown appears to be exacerbating the economic turmoil.
BANGKOK/YANGON -- The detention of a Japanese executive and several others accused of selling rice at inflated prices in Myanmar underscores the military regime's efforts to contain the surging price of food and fend off public backlash over the country's economic struggles.