Foreign investment in Myanmar surges, office rents sizzle

Myanmar has approved more foreign direct investment in the past five months than all of last year, but companies setting up operations in the hot frontier market face a growing problem: Southeast Asia’s highest office rental rates. Myanmar has approved FDI projects worth more than $1.8 billion from the start of the fiscal year on […]

Japan’s Nissan in Sunny plan for Myanmar

YANGON, Myanmar — Japan’s Nissan Motor Co. said Friday it will build a car assembly plant in Myanmar to begin manufacturing the Nissan Sunny compact sedan in 2015. The company said the Myanmar Investment Commission approved its application for the joint venture auto plant with Malaysia’s Tan Chong Motors on Aug. 15. Myanmar opened to […]

Mazda to start selling new cars in Myanmar, CEO says

Mazda Motor Corp (7261.T) will start selling new vehicles soon in Myanmar, its chief executive said, as carmakers rush to get a foothold in the country that until recently was under international economic sanctions. As a part of a plan to sell cars in all member countries of the Association of Southeast Asian Nations (ASEAN), […]