Myanmar encourages development of automobile assembly industry

YANGON, June 24 (Xinhua) — Myanmar is encouraging the development of automobile assembly industry, allowing auto manufacturers to import products that are essential to make vehicles in the country. According to the Supervisory Committee for Motor Vehicle Imports and Related Business Monday, between April 2018 and January 2019, the committee has allowed eight auto manufacturers […]

Property developers come under pressure as dollar rises

Property contractors are under pressure from rising costs of building materials as a result of the higher dollar-to-kyat exchange rate. Building machinery and materials such as steel bars, which are imported from overseas, have become dearer to local developers and contractors on the back of the appreciating dollar, which yesterday hit a new high of […]

Mitsubishi to sell brand new cars in installment

Mitsubishi will offer one to five year installment plan for Mandalay residents to purchase its 2016 brand new cars through a link with Yoma Bank, said Ko Soe Htut Aung, marketing executive from Mitsubishi Motors Cars Myanmar Limited. Mitsubishi Car showroom was opened in Mandalay in the second week of November to introduce its brand […]