20,000 car import licenses granted

Almost 20,000 individuals have been approved to import cars to Myanmar since the start of the year and over 9000 cars will be imported by companies or groups, according to documents seen by The Myanmar Times. An individual can apply for a car import licence by proving they have space to park it, under a […]

Myanmar clunkers ‘scrapped’ to make room for new cars

Automakers are seeking pole position in possibly one of the world’s fastest growing markets for new and used cars. YANGON — Mr Mike Shwe Hlaing has a lot full of used SUVs and a potentially huge market to sell them to if Myanmar manages to spread some of the affluence blooming in its biggest city […]