Amid Hype, Myanmar Ranked One of the Hardest Places to Do Business

Burma is one of the most difficult countries in the world in which to do business, according the World Bank, which included the Southeast Asian nation in its annual “Doing Business” report for the first time on Tuesday. Burma’s first appearance in the report reflects liberalizing economic policies advanced by the quasi-civilian government that took […]

Myanmar’s Busy Black Economy ‘Threatens Reforms’

It can be as small as a mobile phone, as long as a felled teak tree, or as bulky as a four-door sedan. The size of the goods doesn’t seem to matter in Burma’s thriving black market economy. Someone somewhere is simply turning a blind eye or taking a bribe to help keep the illegal […]