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Tata group opens new office in Yangon

The Tata group has announced the establishment of a new office premises in Yangon, strengthening its presence in Myanmar, the company said in a statement on 22 September. The office, set up by Tata International, will be a central hub for Tata companies, and will further enhance and strengthen the group’s engagement with stakeholders in […]

A Land Eager to Look Rich: Luxury Brands Edge Into Myanmar

YANGON, Myanmar — “Every man has a crazy hobby,” said U Thiri Thein Than, an automotive engineer from Yangon who also has a home in Tokyo. “For me, it’s cars and watches.” For years Mr. Thiri Thein Than, 40, has done his higher-end shopping overseas. But in March, he visited a boutique that the Swiss […]

Jaguar Land Rover rolls into growing Myanmar market

Myanmar is witnessing something that few people could have imagined just two or three years ago: New, high-end automobiles are starting to hit the roads as the economy of the once-shunned country gains… Most of the vehicles on the streets of Yangon and other major cities are still either second-hand imports or ancient cars that […]

Luxury cars gaining popularity in Myanmar

YANGON: A growing number of Myanmar citizens are buying brand-new luxury cars. Aside from changes in legislation that now allow them to do so, many locals are also becoming more affluent. This is prompting many premium automobile companies to enter Myanmar. As Myanmar opens its doors after decades of isolation, over 200 new car showrooms […]

British Ambassasor: British Investors Interested but Cautious about Myanmar

RANGOON — British investment in Burma is on the rise, but problems on the ground in the Southeast Asian frontier market have some investors reluctant to commit, UK Ambassador to Burma Andrew Patrick said at a press conference on Thursday. Patrick, who took up his post in September, said that even though Burma’s transition to […]