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YANGON — Four executives from supermarket chains in Myanmar, including a Japanese joint-venture official, were arrested for selling rice at inflated prices, state media said on July 1, as the war-torn country's ruling junta struggles to stabilise a spiralling economy.
BANGKOK/YANGON -- Japanese companies are exploring new business ties in civil war-torn Myanmar, as they look beyond the barriers put up by the current military government and lay the groundwork for potential long-term growth.
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.
YANGON (Kyodo) -- A Japanese executive of a local supermarket joint venture in Myanmar was indicted Thursday after being detained recently for allegedly violating rice pricing rules, according to a judicial source.
Hello from the Nikkei Asia newsroom. The situation in Myanmar is getting worse and worse. According to a Japanese businessman in Yangon I recently spoke with, electricity is available for only a few hours a day and diesel generators are needed the rest of the time. Communications are also unstable, with both telephone and internet services often disrupted.