Up to one-third of all Yangon car showrooms are fake, and some may be defrauding automobile dealers in Japan and Korea, local vehicle distributors say. Some may also be failing to pay tax on the cars they sell. U Soe Tun, head of the Myanmar Automobile Manufacturers and Distributors Association, said MAMDA was negotiating with […]
Kokang Sowing Seeds for Investment With Industrial Zones
January 14, 2014 by
Industrial zone projects are underway in Shan State’s Kokang self-administrative region, say local lawmakers who are inviting foreign investment to the area on the Sino-Burmese border. Myi Shauk Chan, a member of the Shan State parliament from Kokang, told The Irrawaddy that three industrial zones had already been planned for his region. Construction on one, […]
Myanmar gem, jade traders call for new rules to deter fake bids
September 1, 2013 by
Mandalay gem and jade traders are calling for new rules to prevent foreign traders from disrupting proceedings at gem fairs by making fake bids. The call results from an incident at the 50th Myanma Gems Emporium in Nay Pyi Taw in June involving Chinese traders, who are major buyers of the country’s precious stones. The […]
