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Invest Myanmar News Directory
Myanmar Automotive Sector News
(9 Myanmar Automotive Sector News Stories Found)

BUYING INTO MYANMAR’S GROWTH STORY

BUYING INTO MYANMAR’S GROWTH STORY
Source: the Sun daily - (18/09/2013)

Topics: Automotive

FOLLOWING the wave of foreign investments into emerging markets, Myanmar presents long-term opportunities for investors, particularly from neighbouring countries such as Malaysia. More and more multinational corporations (MNCs) are buying into the potential growth story of Myanmar, given its rich resources in gas, land and minerals, its strong agriculture sector and low-cost labour force. As foreign economic sanctions are slowly being undone, MNCs are keen to explore investment opportunities...


MYANMAR APPROVES MANUFACTURING AND DISTRIBUTION OF NISSAN CARS

MYANMAR APPROVES MANUFACTURING AND DISTRIBUTION OF NISSAN CARS
Source: Eleven - (27/08/2013)

Topics: Automotive

Myanmar Investment Commission has approved the manufacturing and distribution of Nissan cars in Myanmar by Tan Chong Motor (Myanmar) Co Ltd on August 15, according to a report from the Ministry of National Planning and Economic Development. Malaysia-based Tan Chong Motor Holdings Bhd (TCMH), the business partner of Japan's Nissan Motor, has engaged in discussion with Myanmar authorities since last year to manufacture and distribute Nissan cars and spare parts in Myanmar. TCMH Group's...


MYANMAR: RUSHING IN, BUT RISKS ABOUND

MYANMAR: RUSHING IN, BUT RISKS ABOUND
Source: The Nation - (19/08/2013)

Topics: Automotive

"Sixty million people falling out of the sky - you're not going to see that again in our generation," quoted The Irrawaddy describing business opportunities in Myanmar. Investors including carmakers have been rushing to tap those opportunities. Nissan and Mercedes-Benz are the latest global OEMs to join Suzuki, Mitsubishi, Toyota, Ford, GM, Kia and Hyundai, which began establishing a hold in the country by starting off selling spare parts and services. So what is the potential of...


FOREIGN INVESTMENT TO MYANMAR UP $810M IN FIRST QUARTER

FOREIGN INVESTMENT TO MYANMAR UP $810M IN FIRST QUARTER
Source: Eleven - (15/08/2013)

Topics: Automotive

In the first quarter of 2013 Myanmar has received a total of US$810 million in foreign investment from 11 countries, according to Dr Khin San Yi, Deputy Minister for National Planning and Economic Development. In the first quarter of 2013 Myanmar has received a total of US$810 million in foreign investment from 11 countries, according to Dr Khin San Yi, Deputy Minister for National Planning and Economic Development. Investors from the United Kingdom, Canada, Australia, Thailand, Vietnam,...


TAN CHONG SNAGS MYANMAR MARKET, HLIB RESEARCH MAINTAINS BUY

TAN CHONG SNAGS MYANMAR MARKET, HLIB RESEARCH MAINTAINS BUY
Source: The Star - (13/08/2013)

Topics: Automotive

News that Tan Chong Motor’s subsidiary ETCM has been awarded sole rights to distribute Nissan CBU vehicles in Myanmar went down well with Hong Leong Investment Bank Research, which is reiterating its Buy call on the stock with the sector on Overweight. Target price remains at RM7.30 for the shares which are currently trading at around RM6.75. Tan Chong’s distribution rights cover an initial period of five years, with an automatic extension of one year, allowing it also to appoint dealers...


NISSAN AND MERCEDES RACE TO ENTER THE MYANMAR MARKET

NISSAN AND MERCEDES RACE TO ENTER THE MYANMAR MARKET
Source: Myanmar Times - (09/08/2013)

Topics: Automotive

Competition among global automakers to establish their brands in Myanmar is intensifying with Nissan and Mercedes joining the race to take advantage of the market’s long-term growth prospects. Although used cars currently comprise up to 99 percent of annual domestic sales, industry insiders say automakers are staking out territory with an eye to future market share. Nissan Motor Company of Japan is the latest entrant to begin sales in Myanmar, launching a showroom and service department...


EU RE-OPENS ITS MARKET TO MYANMAR/BURMA

EU RE-OPENS ITS MARKET TO MYANMAR/BURMA
Source: Europa press - (30/07/2013)

Topics: Automotive

EU re-opens its market to Myanmar/Burma As of 19 July, Myanmar/Burma is set to benefit once again from a special, advantageous trade arrangement with the EU after the country's recent efforts to improve the political, social and labour environments there. The EU will bring the country back under the so-called 'Everything But Arms' preferential trade regime which will grant duty-free and quota-free access to the European market for all products except for arms and ammunitions. The trade...


MJL BANGLADESH FORMS JOINT VENTURE IN MYANMAR

MJL BANGLADESH FORMS JOINT VENTURE IN MYANMAR
Source: Daily Star - (19/07/2013)

Topics: Automotive

MJL Bangladesh has become the first local company to explore the untapped Myanmar market by setting up a joint venture company in the once isolated country. The company got the chance after the central bank recently allowed capital investment outside Bangladesh, a long-awaited demand of the Bangladeshi businesspeople. The joint venture company — MJL & AKT Petroleum Ltd — formally started marketing Mobil brand lubricants on July 2 in Yangon with an initial investment of $1 million. MJL...


FORD TO BEGIN SELLING VEHICLES IN MYANMAR THROUGH WELL-CONNECTED BUSINESS GROUP

FORD TO BEGIN SELLING VEHICLES IN MYANMAR THROUGH WELL-CONNECTED BUSINESS GROUP
Source: Auto World News - (28/02/2013)

Topics: Automotive

Country roads once dominated by old Japanese cars will soon see a new set of wheels in town as Ford prepares to brings its cars and trucks to Myanmar. Ford's first showroom will open in Yangon and will be selling vehicles as soon as May, the Associated Press reported. A Ford spokesman declined to discuss details, but indicated to the AP that the company is "gearing up for market entry." Myanmar loosened vehicle import restrictions in 2011, which transformed the commercial capital...


Did You Know?
It is now quite easy to make international direct phone calls and to send faxes, email to worldwide. Internet access is available in most tourist destinations in Myanmar. ... More

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COUNTRY SNAPSHOT
GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
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