Global economic instability drives the rubber price to decline

Rubber prices in Myanmar have declined due to global economic instability, particularly in durable goods markets and petroleum which are closely linked to rubber said U Khaing Myint, the general secretary of Myanmar Rubber Planters and Producers Association. Since May, a tonne of Myanmar rubber sold for about US$1,400 whereas the rubber price hit US$1,800-2,000 […]

300-acre Yangon auto complex awaits approval

A consortium of companies is hoping for approval for a large-scale automobile complex to be built on the outskirts of Yangon. Members of the Myanmar Automobile Manufacturers and Distributors Association (MAMDA) established the Myanmar Automobile Development Public Company (MADPC) in mid-2014, with a view to building a complex that would promote the local vehicle industry. […]

No employees, no office, and a handful of cash: how a Burmese entrepreneur’s dream came true

For a country where living standards scrape the bottom of the barrel, it’s hard to imagine that car prices in Myanmar were sky high a decade ago. Thanks to import restrictions imposed by the previous military regime in the early 2000s, a second-hand Toyota van used to cost about K100 million (US$97,000) in Myanmar. According […]