Nezas Holdings, a Myanmar-based dealership for Toyota Motor Corp, is to open a shop early next year in Yangon. According to an article in the Myanmar Times, the showroom is to be located in the commercial capital’s Mayangone Township. Car models imported from Indonesia, Japan and Thailand will be sold and maintenance services will be provided. As part of the USD 3.9 million deal, 60 percent is owned by Hinthar, and 40 percent by Tokyo-based Nezas. In May, Toyota Myanmar Co Ltd announced that it will establish its first vehicle production facility in Myanmar. It is expected to be producing Hilux models for the domestic market from February 2021.
Upcoming Events
- No events
- all events
Highlights
Terminals, ports, logistics, liner operations disrupted
German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar …Facebook, Instagram ban military and related pages with immediate effect
In a February 24th update to its February 11th statement, Facebook through its Director of …Luxury Japanese real-estate complex called out for funding military
Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, …
Myanmar in the Media
- Myanmar junta chief to make first China visit since seizing powerSource: Voice of America East AsiaNovember 4, 20241 day ago
- War makes it harder to hold journalists’ killers accountable, experts saySource: Voice of America East AsiaNovember 2, 20243 days ago
- Alleged leader of Rohingya smuggling gang arrestedSource: Bangkok Post Top StoriesNovember 2, 20243 days ago
- Junta airstrikes lay waste to civilian lives in Myanmar’s Karenni StateSource: Voice of America East AsiaNovember 1, 20245 days ago
Thura NewsViews
Myanmar’s most widely read newsletter on the country’s politics, economy and businesses brought to you by Thura Swiss