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Yoma Strategic in $26.6m share deal with Tokyo Century to grow Myanmar vehicle leasing business

Mainboard-listed Yoma Strategic Holdings said on Monday (April 22) that Japanese leasing company Tokyo Century Corporation will acquire a 20 per cent stake in its subsidiary Yoma Fleet for $26.6 million by way of newly issued shares. Upon satisfaction of certain conditions to complete the subscription of new shares by Tokyo Century, Yoma Strategic will […]

Japan to help Yangon tackle refuse

Japan will help Myanmar tackle a refuse issue that has created a headache for its largest city of Yangon, NHK world reported. Yangon has been struggling with huge piles of rubbish left behind at sites on its outskirts. These sites are close to reaching their capacities. The problems range from foul odours and other types […]

Hyundai joins fray in Myanmar’s crowded auto market

Myanmar’s restrictions on imported vehicles are pressing foreign automakers to switch to local production, adding pressure to a crowded field in Southeast Asia’s last promising growth market. Last week, South Korea’s Hyundai Motor marked the opening of a new contract manufacturing facility in Myanmar by launching its first locally made cars. That makes it one […]

Corporate Japan urges Myanmar to address business concerns

The most senior Japanese business leader in Myanmar urged the government to recognise how liberalisation, efficient bureaucracy and reliable power supply allowed Thilawa Special Economic Zone (SEZ) to attract considerable investments. He also warned that current restrictions placed on foreign firms in the retail and wholesale sector are already “the maximum” but commended the ministry’s […]

Southeast Asia seeks ways to protect car industry

Several Southeast Asian countries are finding ways to protect their emerging car industries from imports, after eliminating auto duties by the end of last year. Indonesia, Vietnam and Thailand have introduced measures either to hinder imports or benefit local production, while Malaysia is looking at possible curbs on foreign car sales. The new trend is […]

ThaiBev restructures to power Asean beer push

THAI Beverage Plc (ThaiBev), Thailand’s biggest beverage producer, yesterday announced a major strategic reshuffle of executives under a revamped management structure that will back the company’s growth ambitions for its beer business in the Asean region. The restructuring was undertaken in the wake of the company’s acquisitions of breweries in Myanmar and Vietnam. Fraser and […]

Australian & Japanese Chamber Business Networking Event at Belmond Governor’s Residence, 4 October 2018.

AustCham Myanmar is proud to join together with the Japanese Chamber of Commerce Myanmar to co-host a Myanmar Market Update followed by networking drinks. We are very pleased to announce that both the Japanese Ambassador to Myanmar, H.E. Mr. Ichiro Maruyama and the Australian Ambassador to Myanmar, H.E. Mr. Nicholas Coppel will attend and provide […]

Fixing the tourism industry

The govt wants to lure tourists back to Myanmar. Will its efforts work? The Myanmar tourism industry has suffered from a big drop in tourists due to the unfolding refugee crisis in northern Rakhine. With the number of visitors from the US and Europe declining sharply over the past year, some tour companies and hoteliers […]

Visa on arrival for Indians visiting Myanmar

Indians wishing to travel to Myanmar will soon be able to do so without applying for a visa beforehand. Starting August 8, the Myanmar government is set to provide visa on arrival facility, suspending the special land entry permission which was formerly required for visitors entering the country via land routes. The Myanmar government decided […]

Myanmar Suspends a Show Money Policy for Certain Visitors

A notice was released August 1, suspending the policy requiring that Japanese, Korean and Chinese tourists are to show $1,000 as a proof of funds. This change in policy came after the Ministry of Hotel, and Tourism faced opposition. Even coming from the tourism sector itself. The order was released on July 20, granting a […]