New auto restrictions may have little impact on quality of imports

With traffic congestion in Yangon bad and road accidents even worse, experts and customs officials are worried that new rules aimed at deterring importers from bringing in old and potentially unsafe vehicles will do little to resolve the situation. Ministry of Commerce spokesman U Min Min told The Myanmar Times that beginning next year, the […]

Japan’s World Novi to invest in Myanmar’s auto market

Japan-based World Novi Company will invest in Myanmar’s auto market, according to Directorate of Investment and Companies Administration (DICA). The World Novi Company works in car import and export business and related machine parts by connecting the Japanese private banks such as Bank of Tokyo-Mitsubishi UFJ Ltd, Mizuho Bank Ltd, Sumitomo Mitsubishi Banking Corporation and […]