fbpx

Military-Linked UMEHL Transitions Into Public Company

Yangon — The Union of Myanmar Economic Holdings Limited (UMEHL) announced on Thursday that, after being linked to the military for more than two decades, the conglomerate has transitioned into a public company. According to state-run media, shares for UMEHL, which was founded in 1990 with two shareholder groups, will be consolidated into one group. […]

Proposed Vehicle Import Limits Dropped After Industry Outcry

After fielding numerous complaints from industry stakeholders in recent weeks, the government has made a policy about-face, backing down on most of its plans to restrict Burma’s vehicle imports beginning this year. The Ministry of Commerce last month made a controversial announcement detailing plans to tighten controls on the imported automobiles market, stating on Dec. […]