BUSINESS – Burma’s corruption remains investors’ biggest concern

Corruption is the top concern for businesses and investors in Burma, according to a survey commissioned by the UN, OECD and UMFCCI. About 20 percent of over 3,000 firms identified corruption as a “very severe obstacle” to their operations. Sixty percent 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. Access to skilled labour and technology were identified as the second and third biggest obstacles.