Car import business marred by fraudulent dealings

However, the chief of the unit, U Myint Cho, said the rate of importation had fallen from about 20,000 per month last year to the single-figure thousands this year. “From that point of view the system has been reasonably successful,” he said. Alarmed at the almost constant congestion that developed in Yangon following the liberalisation […]

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 […]