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Yangon’s new automotive policy to commence in October

The much-touted Yangon Vehicle Quota Certificate (YVQC) system for car importers will start in Yangon in October, said U Phyo Min Thein, the region’s chief minister, during a press conference on August 24. Under the new vehicle registration system, buyers will be allowed to bid for a YVQC, which gives them the right to apply […]

ADB not worried about impact of technology on Myanmar jobs

Despite widespread automation of manual work functions, Myanmar jobs are not under “huge” threat by advancements in technology, economists at the Asian Development Bank (ADB) told the media during the organisation’s annual general meeting (AGM) in Manila on May 4. However, the government needs to monitor the impact of changing technologies on local jobs. Meanwhile, […]

More buyers expected to opt for new left-hand-drive cars

Since the government’s new car import policy permitting only imports of left-hand-drive vehicles into Myanmar from 2018, speculation over the value of existing right-hand-drive cars in the country has risen, prompting rumours of higher prices for such vehicles. While prices have indeed risen, car dealers said consumers ultimately base their purchasing decisions on the car […]

Proposed Vehicle Import Limits Dropped After Industry Outcry

After fielding numerous complaints from industry stakeholders in recent weeks, the government has made a policy about-face, backing down on most of its plans to restrict Burma’s vehicle imports beginning this year. The Ministry of Commerce last month made a controversial announcement detailing plans to tighten controls on the imported automobiles market, stating on Dec. […]