STATE DEPARTMENT — U.S. officials are looking to boost economic engagement with Myanmar, a country that has been dubbed by some as “the final frontier” because it is one of the last markets largely untouched by Western companies. The United States imposed heavy economic sanctions on Myanmar in 1997 over the ruling military junta’s repression […]
Myanmar welcomes US move to ease more sanctions
YANGON – A US decision to pare back economic sanctions on Myanmar could unclog investment as the country claws its way out of poverty, Aung San Suu Kyi’s civilian government said Wednesday, welcoming the move. Suu Kyi’s party took power in March after clinching a majority at last year’s election, the freest in generations for […]
Chevrolet Launches Colorado High Country for Wealthy Yangon Urbanites
Chevrolet, a division of American automaker General Motors, has launched its new Colorado High Country model in Myanmar to cater to the premium segment of a largely urban target market in the country. Chevrolet said the Colorado is one of its “most important product in Myanmar”, and High Country is designed to help grow Chevrolet’s […]
KFC spreads its wings in Myanmar
Yangon – Kentucky Fried Chicken (KFC) is poised to become the first major US fast food retailer in Myanmar, the company’s local business partner announced on Tuesday, as the long-isolated nation braces for an influx of international food outlets. The fried chicken retailer, one of the world’s largest restaurant chains, plans to open its first […]
Pacific Alpine to distribute Chevrolets in Myanmar
General Motors Southeast Asia Operations recently enlisted Pacific Alpine for distribution, sales and servicing in Myanmar, with the first Chevrolet showroom scheduled to open next quarter. Models will be sourced from GM’s manufacturing facilities around the world to meet the specific requirements of consumers there. Southeast Asia Operations president Martin Apfel said this was a […]