Support is better than protection, government’s new economic policy

“Our government will not give favour to anyone and there will be no discrimination. We will give all Myanmar nationals equal opportunity.” Union Minister of Planning and Finance Kyaw Win said at a meeting held at Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) on 13 June, the meeting was held for […]

Govt to Tighten Car Import License Requirements

YANGON — Per January 1, the Ministry of Commerce will require car importers to apply for import licenses prior to shipping as part of a government effort to reduce the storage of vehicles at Thilawa Port, state media announced on Wednesday. Thousands of cars have been parked for months at the port area because importers […]

Auto part importers jostle for position

There are more cars on the road than ever before, but the supporting industries are not yet up to speed, say would-be auto part importers. Several high-profile international car manufacturers have set up shop in Myanmar, with a few like Nissan also announcing plans to open local assembly plants and others like Toyota holding discussions […]

Trade-ins drive jeep demand

While factories producing Myanmar-made jeeps have mostly closed, demand for the iconic vehicle lives on – propped up in part by a government trade-in program. Up to 25 varieties of jeeps and light trucks were made in the country prior to 2011 using imported, often secondhand parts, but the gradual opening of the vehicle imports […]