Japanese car maker Suzuki Motor Corporation will temporarily close its manufacturing facilities in Yangon from December 1. With initial vehicle registrations suspended since September to avoid physical crowds at the Road Transport Administration Department’s (RTAD) offices, car sales have also stalled, and Suzuki Thilawa Motor Co. Ltd and Suzuki Myanmar Motor Co. Ltd will temporarily […]
New ASEAN-led trade deal to boost Myanmar manufacturing sector
November 26, 2020 by
The newly formed ASEAN-led global trading bloc, Regional Comprehensive Economic Partnership (RCEP), could boost the Myanmar manufacturing sector, according to the research and advisory firm Oxford Business Group. Myanmar could capitalise on the 15-country trade bloc, the biggest in the world, to grow its manufacturing base, the research group said. Peter Crowhurst, the chief executive […]
Mandalay property market hits COVID-19 doldrums, but prospects intact
September 17, 2020 by
Mandalay’s real estate sector had been growing steadily before the COVID-19 pandemic struck but land prices may now start falling, opening up a rare opportunity for buyers to take a serious look at the market, according to a major developer in Myanmar’s second largest city. U Kyaw Kyaw Win, head of New Star Light Group, […]
China’s coronavirus hits Myanmar economy
February 19, 2020 by
China’s coronavirus epidemic is hitting Myanmar’s important manufacturing and tourism industries as well as disrupting border trade, but in the longer term the crisis could encourage more supply chain factories to relocate from its giant neighbour. “We have lost all our customers,” said Ma Khin Khin Win, director of tourist agency Myanmar YoYo Travels and […]
‘Myanmar manufacturing lifted by higher output, new orders and jobs’
February 7, 2020 by
Ihs Markit, a London-based information provider, says that Myanmar’s Manufacturing Purchasing Manager’s Index (PMI) has been lifted by sharper growth of output, new orders and jobs. The business information provider said this in a press statement issued on Monday. The release said, “Business conditions in Myanmar’s manufacturing sector improved at the start of 2020, according […]
Malaysian investors attracted to Myanmar despite rift over Rakhine
September 4, 2019 by
Investors from Malaysia say they are attracted to Myanmar’s agriculture and other industries despite the rift between the two governments since the northern Rakhine crisis. “Malaysian businesses are keen to invest in sectors such as technology, construction, manufacturing, and service in Myanmar. They showed extra interest in agriculture-based businesses,” said Gilbert Lee, president of Malaysian […]
Toyota to build first Myanmar assembly plant in Thilawa
May 28, 2019 by
Japan’s Toyota Group will start building an assembly plant in Thilawa Special Economic Zone (SEZ) this year, according to a Myanmar Times source. Toyota Motor Corp, the automobile branch of Toyota, will invest several billion yen for the facility to manufacture pick-up trucks through semi-knockdown (SKD) production for the Myanmar market. An official announcement will […]
Bonded warehouse programme set to provide boost to Myanmar industries
May 8, 2019 by
The Customs Department, Ministry of Planning and Finance, and the DaNa Facility, a UK aid funded programme, yesterday launched the Developing Custom Bonded Warehouse programme to introduce customs officers and relevant stakeholders to the potential of a bonded warehouse system in supporting the local industry. Bonded warehouses are specifically designed to support industry, particularly those […]
