BUSINESS – Colgate buys out Laser toothpaste

American conglomerate Colgate-Palmolive has bought out Burmese toothpaste brand Laser. Colgate is thought to have purchased the rights to produce and distribute products by local firm Shwe Ayar Nadi for US$100 million, which if correct, would make the deal one of the largest investments by an American company since trade sanctions were lifted last year.