Car dealers mull import finance

Commerce Minister U Win Myint has pledged to smooth the complicated system for importing foreign vehicles by allowing new payment methods. Currently most vehicles are imported to Myanmar using consignment, meaning foreign exporters own the car but send it to a Myanmar broker, who then sells it for a commission usually between five and 10 […]

UMFCCI annual meeting tame compared to last year

The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) held its annual meeting last week without the public opposition by some of its members to financial results that took place in 2013. U Khin Hlaing, president of Zawtika International company, last year submitted seven pages of questions focusing on the organisation’s financial […]