An Indian gold trader based in the northeastern state of Assam has been arrested for allegedly smuggling nearly nearly $300 million worth of gold from Burma.
This week’s business news: rice exports suspended; foreign firms bid for gas venture; first Malaysian bank opens; Japan pledges to Rangoon rail project.
Mandalay is Burma’s cultural heart. The city’s soul can still be found in its artisan workshops, where its short—but rich— history is preserved…in gold.
In a country known as the Golden Land, gold miners are dying of a disease endemic to their work.
Two days before the official opening ceremony of the SEA Games, Burma has already won 10 gold medals. The Wushu competitions are going on in Naypyidaw until 10 December.