Myanmar not ready yet for auto boom

THOUGH MYANMAR has the potential for a boom in its automotive industry, it may take more than five years to enjoy tangible benefits in reality, according to Soe Tun, president of Myanmar Automobile Manufacturers and Distributors Association and managing director of Farmer Auto Trading Co. “It is not the right time for newcomers to enter […]

Myanmar, Germany See Stronger Economic, Cultural Cooperation

Myanmar and Germany saw fortified economic and cultural cooperation between the two countries in 2013 encouraged by German Foreign Minister Guido Westerwelles’ visit to Myanmar in 2012. During 2013, the German Chambers of Commerce and Industry (GCCI) signed an agreement with its Myanmar counterpart, the Union of Myanmar Federation of Chambers of Commerce and Industry […]