K 30 to 200 million cars sell better now in Myanmar auto market

Vehicles priced between K 30 million and 200 million are selling better in the current market, according to U Kyawswa Tun Myint, secretary of the Myanmar Automobile Manufacturers And Distributors Association.

With sales stagnating in early December, the market started to pick up from the second week of December and it has now increased, he explained.

“The current automobile market is quiet with regular sales and purchases – no rise or fall in prices. But, the price of some small cars with higher demand increased by a few percentage. Sales have increased when compared to the early December last year,” he said.

Vehicles priced from K 30-35 million to K 100-150-200 million are selling better and sales of more expensive cars are present, but not frequent, said U Kyawswa Tun Myint.

“It has increased by a certain percentage. Sales didn’t stop in December. There were some sales. Now, the number of sales is increasing more than before. The price of some small cars rose by a few percentage. Not many. If compared to early December, there were more frequent sales,” he said.

Source: The Global New Light of Myanmar

Myanmar’s current FY export highlights: Key sectors, earnings, and top partners

Statistics released by the Trade Policy Division of the Department of Trade under the Ministry of Commerce revealed that the garment and natural gas sectors generated the highest export earnings between 1 April 2023 and 5 January 2024 of the 2023-24 financial year.
As of 5 January 2024, Myanmar has earned US$10.918 billion from exports during this financial year. Breaking down the details, garment exports stand as the highest earner with $3.308 billion, followed by natural gas exports with $2.543 billion.
Daw Cho Thet Mu, Deputy Director of the Trade Policy Division of the Department of Trade, stated, “Garments and natural gas exports are the primary contributors to Myanmar’s export sectors. In the first nine months of this financial year, $5.851 billion was generated from garments and natural gas exports, representing over half of the total earnings from all exports. Other significant contributors include black gram exports at $540 million, rice and broken rice exports at $490 million, corn exports at $380 million, fish exports at $260 million, green gram at $210 million, raw rubber exports at $150 million, pigeon pea at $110 million, and tissue-cultured banana exports at $90 million”.
The top ten export items that have generated the most income within the first nine months include garments (finished products), natural gas, black gram, rice and broken rice, corn, fish, green gram, raw rubber, pigeon pea, and tissue-cultured banana.
The report further indicates that, during this financial year’s mentioned period, Myanmar’s top ten countries primarily exported were Thailand, China, Japan, India, the United States, Germany, Poland, Spain, South Korea, and Italy. 

Source: The Global New Light of Myanmar

Myanmar National Airlines welcome cargo plane with ceremony

The ceremony to welcome the Boeing 737-800 Freighter aircraft of Myanmar National Airlines was held at Yangon International Airport yesterday afternoon.
The cargo plane, (9M-WCA), Flight No 3G005, departed from Kuala Lumpur, Malaysia, and arrived at Yangon International Airport at 3:25 pm, where officials from Myanmar National Airlines conducted a welcome ceremony.
The aircraft will be used for cargo transport flights of Myanmar National Airlines and will be able to carry about 22 tonnes of cargo, as well as dangerous goods that cannot be transported on regular flights.
Boeing 737-800 Freighter aircraft No 9M-WCA is planned to expand cargo transport flights from Yangon to Southeast Asian countries.

Source: The Global New Light of Myanmar

Solar panels outsell generators in recent sales surge

SOLAR panels are currently sold more than generators, according to electronic stores. The market has been low at present, but there are more solar panel buyers, said an electronics store owner.
“It has been a couple of months that the market has been low. We normally sell about K30-K40 million a day, sometimes about K20 million. Now the sale has just K8-K10milion recently. There is no sale of generators but solar panels,” he said. People who can afford more buy solar panels that can run air-conditioners. Including batteries that are used with solar panels, other devices have been in high demand in the market, said another electronic store owner.

“At our shop, the battery has also been in high demand. Buyers are from Yangon as well as from other regions and states. The sale of solar panels is larger than the generator sale. Buyers bought small-sized panels previously, but now there are customers for big-sized panels. Our shop is oriented towards the non-Yangon market. Because most of the buyers are from other regions and states,” he said.

Source: The Global New Light of Myanmar