Commerce ministry losing patience with car centre closures

Defunct Yangon car sales centres are causing headaches for the Ministry of Commerce. Businesses are failing to formally report closures, leaving the ministry with an out-of-date registry on which two-thirds of listed sales centres no longer exist. ‘’Among some 190 Yangon sale centers 66 have closed but are still included on the Ministry of Commerce’s […]

Myanmar allows more Asian firms to produce wood products and foodstuff

YANGON—Firms from Thailand, Hong Kong, India and Singapore will make a joint effort with their Myanmar counterparts to produce advanced wood products and foodstuffs in accordance with the Foreign Investment Law, reports say. The production processes will be implemented in Dagon Seikkan and Hlaingthayar industrial zones in Yangon Region, and in Katha Township of Sagaing […]

Private Insurance Industry Finds its Feet

YANGON — Private insurance in Myanmar is still in its infancy and will need time to fully develop after more than half a century of domination by a government-owned company, say some of those now hoping to transform the industry. Earlier this year, Myanma Insurance, the sole insurer in the country since 1952, took the […]

Myanmar approves manufacturing and distribution of Nissan cars

Myanmar Investment Commission has approved the manufacturing and distribution of Nissan cars in Myanmar by Tan Chong Motor (Myanmar) Co Ltd on August 15, according to a report from the Ministry of National Planning and Economic Development. Malaysia-based Tan Chong Motor Holdings Bhd (TCMH), the business partner of Japan’s Nissan Motor, has engaged in discussion […]

China’s troubled copper mine back on track

Geng Yi, the managing director of the Letpadaung Copper Mine, is cautiously optimistic that one of China’s largest investments in Myanmar will “soon be back on track”. Months of protests by local farmers and activists had brought operations to a halt. The project, a joint venture between China’s Wanbao Mining and its Myanmar partner, Union […]