YANGON, Myanmar – Touted with fanfare as Asia's last major frontier market, a new World Bank ranks Myanmar as one of the hardest countries in the world to start a business.
The desperately poor but resource-rich nation was included in the bank's "Doing Business" report, which looks at obstacles and opportunities to setting up shop in 189 countries.
Myanmar, which started opening its economy two years ago, was ranked 182.
The bank cites the high costs of setting up business and cumbersome procedures. It takes 72 days to register a company in Myanmar.
http://www.information.myanmaronlinecentre.com/myanmar-gets-low-business-ranking/
No comments:
Post a Comment