Yangon regional government weighing policies to control traffic

The Yangon regional government is currently weighing a car import policy for the region and will announce its decision in due course, U Myint Thaung, regional planning and finance minister, said last week. Policies including permits for individual car importing are now being discussed with Yangon’s chronic traffic problems in mind. The number of vehicles […]

New self-assessment system for car imports to apply from 2018 onwards

Customs will practice a new car importing system under which import valuations for cars will change this year. As such, car importers should ensure they are clear about the new system, said U Soe Tun, chair of Myanmar Automobile Manufacturers and Distributors Association (MAMDA). Up until 2017, imported car prices were based on the Cost, […]

Japanese investor interest in Myanmar still high despite lower FDI

The Japanese remain interested in expanding their presence in Myanmar despite lower investments in recent years compared to before and a refugee crisis unfolding in northern Rakhine. At the 13th Joint meeting of the Myanmar-Japan CCI Business Cooperation Committees in Yangon on October 23, the new Investment Law, development of small and medium enterprises (SMEs) […]

How the new vehicle import policy could disrupt the car market

On October 16, the Supervisory Committee for Motor Vehicles Importing officially released a set of new rules stating that only left-hand-drive vehicles can be imported into Myanmar from 2018 onwards. Those rules have since ignited much criticism from car traders and other stakeholders who foresee the new import policy as having a disruptive impact on […]

Myanmar to Discuss Rice Exports With Sri Lanka

​​ Sri Lanka has expressed interest in a formal arrangement to import 50,000 tonnes of rice from Myanmar, according to Ministry of Commerce assistant secretary U Khin Maung Lwin. The Sri Lankan ambassador to Myanmar, KWND Karunaratne, made the offer on January 23 during a visit to the Union Minister for Commerce U Than Myint, […]

MoC searches for toll gate solution

The Ministry of Construction has already closed more than half of the 300 road and bridge tollgates it has built, and is looking for ways to make up the lost revenue that would result from plans to close the rest. U Kyaw Lin, the permanent secretary of the ministry, told The Myanmar Timeson August 8 that […]

Thousands of car imports approved

A new government-led supervisory committee has released around 14,000 cars that had been held at Myanmar’s borders after an informal ban on vehicle imports was imposed last December. When the last vehicle import supervisory committee was disbanded at the end of last year, thousands of cars bound for Myanmar were held up, commerce minister U […]

Bidders cry foul on Yangon Region government tender

Subscribe to our tender alert mailing list Two unsuccessful bidders for a Yangon Region government tender have claimed the government decided on the winner before the selection process, and the chair of one of the firms intends to petition the new government. Three companies applied for a tender called by Yangon Region government in early […]

Rice farmers need government support: federation

Polices set by the new government will determine the success of Myanmar’s rice industry, which is in dire need of funding, according to the Myanmar Rice Federation. The agricultural staple will depend heavily on government support over the coming years, said MRF president U Chit Khine at the federation’s annual meeting on February 5, where […]

High hopes for business zone on China-Myanmar border

An ambitious new economic zone at Myanmar’s largest trading point with China will bring new business opportunities for the two countries, officials and residents said at the project’s soft opening in Shan State’s Muse last week. Around 80 percent of Myanmar’s formal overland trade with China passes through a border point a few miles from […]