Muse trade rises again after merchant accounts unfrozen

The Muse land port of entry saw trade values increase by US$100 million in first four months of the current financial year compared to same period of last year, said the merchants engaged in Muse border trade. The increase in trade is due, in part, to the unfreezing of bank accounts by China after a […]

Illicit capital flows into Myanmar soar

The report, by US non-profit Global Financial Integrity (GFI), looks at illicit capital flows in Myanmar between 1960 and 2013. It finds that despite a number of political and economic changes since 2010, unlawful inflows – mostly due to misinvoicing – are growing fast. GFI estimates that US$18.7 billion flowed illegally out of Myanmar over […]