Korean Investment in Burma Likely to Increase

RANGOON — After a delegation from the well-known South Korean Daewoo Group of Companies met with Burma’s outgoing president on Tuesday, there is speculation that the country plans to increase investment in Burma. During the meeting between Thein Sein and Daewoo CEO Young-Sang Kim, the topics of discussion included investment in Burma’s hotels, energy, mining […]

‘Car Import Policy Has Changed About 10 Times’

Import restrictions under the previous military government ensured car prices in Myanmar were among the highest in the world. Now, under the current quasi-civilian government which took power in 2011, restrictions have eased and car prices have fallen dramatically. Legislation has, however, often been less than clear, as car import policies have been frequently changed. […]