Car sales decline due to slowdown

Sales of used and locally-produced semi-knocked down (SKD) imported cars have fallen during the COVID-19 period, according to dealers in Yangon. The dealers attribute the decline to uncertainty and economic hardships caused by the COVID-19 restrictions. Sales for luxury cars have also declined, possibly due to a rumoured government plan to grant tax exemptions on […]

Secondhand car sales resume in Yangon

Since COVID-19 cases were first detected in Myanmar in late March local car sales took a hit. Used car sales from Japan, however, have seen increased transactions leading up to the end of April. “The automobile market came to a halt when the first cases of COVID-19 were reported. As the Road Transport Administration Department […]

Thai rubber company’s new tree-to-tire strategy

Thailand’s largest and the world’s second largest rubber producer is placing a big bet. With global rubber prices on the decline, Sri Trang Agro-Industry is increasing its capacity. The goal is to raise capacity by nearly 10% at its domestic and overseas facilities, including a newly launched Myanmar factory. That is step 1 on the […]