
Rampant smuggling holds back Myanmar economy
Illegal smuggling of goods across its borders has become a serious challenge to Myanmar’s effort to modernize its economy, undermining healthy growth of markets and eroding tax revenues.
Aung Moe Kyaw, chairman of International Beverages Trading, which started co-producing beer with Dutch company Heineken last year, views smuggled beer as a bigger threat than competition from domestic rivals.
The home-grown beverage giant is generally doing well, with plans to expand production facilities this year. But illegal imports from neighboring countries such as Thailand are a source of headaches.
http://asia.nikkei.com/Politics-Economy/Economy/Rampant-smuggling-holds-back-Myanmar-economy
Related Posts
Illicit tobacco seized from Lincolnshire cabbie ‘belonged to organised crime gang
A Grantham taxi driver was caught with more than £250,000 worth of illicit...
Largest illegal tobacco haul in Lewisham
A Lewisham retailer has been found with over £100,000 worth of illegal tobacco –...
Huge plant producing fakes busted in Bulacan
A huge plant that manufactures several counterfeit products enough for nationwide...
Delhi smugglers exploit dry lockdown: Illicit booze biz booms on high demand
On May 1, the Delhi Police arrested two men in Dwarka for smuggling hundreds of...
