Corruption the biggest concern for Myanmar businesses – surveyMay 6, 2014 – 12:23

YANGON (Reuters) – Corruption is the top concern for businesses in Myanmar, which is undergoing liberal reforms after the end of military rule, according to a UN-led survey released on Tuesday.

Five decades of military rule left Myanmar mired in poverty and plagued by corruption, but a quasi-civilian government that took power in 2011 has enacted sweeping political and economic reforms aimed at attracting foreign investment and cleaning up the economy.

However, the survey suggests the reforms have thus far had only a limited impact on corruption.

About 20 percent of the more than 3,000 firms questioned identified corruption as a “very severe obstacle” to their operations, according to the survey from the United Nations, the Organisation for Economic Co-operation and Development and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI).

Access to skilled labour and technology were identified as the second and third biggest obstacles.

Sixty percent of the firms surveyed said they had to pay bribes for registration, licences or permits. About half the firms said they paid $500 in extra fees while about a dozen said extra fees exceeded $10,000 (5,892 pounds).
Please explain why we call tayoke to Chinese?
Thant Myint-U It’s related (most probably) to “Turk”. Yunnan in the 13th century was ruled by a mainly Turkic-speaking Muslim elite (under the Mongols). By the 1800s Yunnan was about a third Muslim – mainly people of Turkic descent but also others. The Burmese probably called these people Turks (now pronounced Tayoke), but the word gradually came to signify all people from the northeast (eg Chinese).

Thant Myint-U

Interesting discussion with an interesting mix of Myanmar voices: 88 Generatiion U Ko Ko Gyi, Central Bank Vice Governor U Winston Set Aung, Myanmar Peace Centre Dr Min Zaw Oo, and Yoma Securities Chairman U Serge Pun at last week’s Milken Institute “Global Conference” in LA, moderated by former US Asean ambassador David Carden.


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Editor - The Myanmar Gazette || First Amendment – Religion and Expression - Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

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