
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
Sutton man jailed for selling fake and dangerous tobacco products
Ahmad Afsana received a ten and a half month jail term after he admitted a...
Fake injections racket busted in Gujarat
Gujarat's Food and Drugs Control Administration on Saturday unearthed a racket of...
DRI arrests 3 Mumbai airport staff, three others in gold smuggling racket
Directorate of Revenue Intelligence (DRI) officials have busted a gold...
Lorry driver jailed for smuggling cigarettes in frozen chickens.
Robert Januszewski, 48, of Poland, tried to smuggle cigarettes worth more than...




