Nissans to Be Built in Bago

​​ Malaysia-based Tan Chong Motor Co Ltd, which has been given the all-clear to make and sell Nissan cars in Myanmar, says it is planning to manufacture around 500 per year. “The new ‘Sunny Sedan’ is the first to be manufactured in Myanmar. The process is running now,” said a company spokesperson. The car has a 1.5-litre engine with a four-speed […]

Japanese companies flock to Myanmar

Japanese companies are trying to court Myanmar’s growing middle class. On Dec. 29, Honda Motor opened its 115th motorcycle dealership in the country, in Myitkyina, the capital of the state of Kachin. The Japanese company opened five dealerships in Myanmar in December alone — all in smaller cities. The total number was up 40% from […]

Myanmar courting global producers

The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]

Rakhine Farmers Caught Between Falling Prices and Rising Labour Costs

​​ Farmers associations in Rakhine State – one of the biggest rice producing regions in Myanmar – are calling for government aid amid falling prices, closing markets and a shrinking labour pool. But the state government says it does not have the funds or the expertise to help solve what it says is a nationwide […]

Ready to Rumble?

​​ Weekend investigates the sleeping giant underneath Yangon. It’s not a matter of if, but when. This verdict comes up time and time again when speaking to local and international experts on the likelihood of Yangon’s next big earthquake. Why? The largest city in Myanmar is currently facing twin threats of bad location and bad timing. […]

Mandalay’s Chanmyashwepyi Bus Terminal to be upgraded

MANDALAY City Development Committee plans to improve the Chanmyashwepyi (Kywesekan) Bus Terminal located about 10 km (8 miles) central Mandalay, before the end of this year. The M-development Corporation Myanmar will improve the 14.2-acre bus terminal through the Build, Operate and Transfer (BOT) system. The project will start after an agreement is signed between the […]

First South Korean Lender Starts Myanmar Ops

Shinhan Bank, South Korea’s fourth-largest bank by assets, has set up a branch in Myanmar as part of its diversification strategy. The bank said it won final approval to start operations in Yangon from the Central Bank of Myanmar on September 15. This marks the first time for a South Korean lender to set up […]

Experts urge to check high-rise buildings for quake resistance

High-rise buildings in Yangon and Mandalay are needed to be checked for quake resistance as the cities are located near the Sagaing fault line, said Myanmar Earthquake Committee. “I think people who live in the quake zone need to be alert aganist possible quake,” said Daw Hla Hla Aung, Patron of the committee at a […]

Export price of rice to China on the decline unlike stable domestic rice price

The price of rice exported to China through the Muse trade channel has been on the decline, unlike the domestic rice price, which remains stable  said U Kyaw Min, the secretary of Mandalay Rice Depot. Rice is exported to China mostly through the Muse and Lweje border trade camps, but the rice trade is declining […]

HK, South Korea eye clothing factories

Companies from Hong Kong and South Korea have submitted proposals to establish garment factories and whole industrial zones to the Myanmar Investment Commission. Now the MIC was discussing potential locations with regional governments, said committee secretary Aung Naing Oo. “It is still at the discussion stage. They will enter the country when we are ready. Currently, we are making sure that we can give land to them for factories. They will set up their factories at the places where the government specifies. They are most likely to get land for their factories in Yangon and Bago where there are jetties,” he added. The MIC said it hoped the factories would create job opportunities.  “We plan to establish industrial zones […]