In line with President Moon Jae-in’s tour of Southeast Asia this week, South Korean business leaders and ranking officials visited Myanmar, the reclusive country bordering China — that is opening up now. Several of them chose to visit Myanmar exclusively –- from Tuesday to Thursday — skipping Moon’s other destinations such as Thailand and Laos. […]
New vehicle import policy disruptive to Toyota’s Myanmar strategy
November 26, 2017 by
Sales of Toyota cars are expected to trail behind that of other car makers in Myanmar as a result of the government’s latest vehicle import policy, a spokesperson for Toyota Motor Corporation said. Under the new policy, which was announced and made effective last month, all new imported cars must now be left-hand-drive in accordance […]
Support is better than protection, government’s new economic policy
June 21, 2016 by
“Our government will not give favour to anyone and there will be no discrimination. We will give all Myanmar nationals equal opportunity.” Union Minister of Planning and Finance Kyaw Win said at a meeting held at Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) on 13 June, the meeting was held for […]
Govt to Tighten Car Import License Requirements
December 18, 2014 by
YANGON — Per January 1, the Ministry of Commerce will require car importers to apply for import licenses prior to shipping as part of a government effort to reduce the storage of vehicles at Thilawa Port, state media announced on Wednesday. Thousands of cars have been parked for months at the port area because importers […]
