SeaVisionBurma Posted December 24, 2013 Share Posted December 24, 2013 Booze prices spike as stocks near depletion From The Myanmar Times - Aye Thida Kyaw A dwindling supply of imported alcohol in Yangon has forced what sellers remain to increase the price of booze as much as 50 percent, while the country’s largest shops continue to remain free of quality alcohol ahead of the holiday peak season. A policeman keeps watch over boxes filled with wine at Premium Distribution’s warehouse in Yangon on December 12. Photo: Zarni Phyo Over the past two months, a government taskforce has confiscated tens of thousands of bottles of alcohol from the country’s largest distributors in several raids, while company officials could face criminal charges for allegedly importing alcohol without a licence. The raids, on wine and luxury food importers Quarto Products and Premium Distribution, have unnerved the hotel and restaurant industry, and led to the large-scale withdrawal of imported wines and spirits from supermarkets. Some small vendors do remain in Myaynigone and Botahtaung townships, but stocks are shrinking and prices are growing, sellers said. www.wec-myanmar.com Read the full article here: http://www.mmtimes.com/index.php/business/9108-booze-prices-spike-as-stocks-near-depletion.html www.wecinternationalltd.com Link to comment Share on other sites More sharing options...
SeaVisionBurma Posted December 24, 2013 Author Share Posted December 24, 2013 Further reading here: http://www.irrawaddy.org/business/arrest-govt-crackdown-retailer-points-alcohol-imports-tycoons.html and here: http://m.aljazeera.com/story/2013129121011404800 I know a few folks in Yangon who won't be happy about the sudden spike in the price of alcohol! Link to comment Share on other sites More sharing options...
lostmebike Posted December 24, 2013 Share Posted December 24, 2013 No booze over crimbo and new year? How depressing! 1 Link to comment Share on other sites More sharing options...
hanno Posted December 24, 2013 Share Posted December 24, 2013 No booze over crimbo and new year? How depressing! Still plenty of beer and local alcohol to be had (they do actually produce some very decent wine, too) so not all is lost. Link to comment Share on other sites More sharing options...
rotary Posted December 24, 2013 Share Posted December 24, 2013 Alcohol abuse................................ Link to comment Share on other sites More sharing options...
SeaVisionBurma Posted December 24, 2013 Author Share Posted December 24, 2013 Alcohol abuse................................ Link to comment Share on other sites More sharing options...
Ulic Posted December 24, 2013 Share Posted December 24, 2013 I guess the Generals and leading politicians wanted to restock there personal supplies. Link to comment Share on other sites More sharing options...
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