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NEWS UPDATES Asean Affairs    22 August  2012

German, Korean Auto companies seek Myanmar partners


Volkswagen, German-based automobile manufacturer and the world's third largest car seller, is seeking a local partner in Myanmar to expand its market.

A businessman said the company is now under discussion with some of the country's top firms to open authorised dealerships.
A top Myanmar top company with investments in supermarkets, shopping centers, car show rooms and imported items, is most likely to get the deal with Volkswagen, a source said.

Volkswagen was founded in 1937. Among its well-known car models are Golf, Beetle and Passat.

It is headquartered in Wolfsburg, Germany and sells passenger cars under Porsche, Audi, SEAT, Bentley, Bugatti, Scania and Skoda. It has sold an average of over four million cars annually.

Hyundai, Kia in talks with top Myanmar firm

Two of Korea's top automobile companies, Hyundai and Kia, are talking to Myanmar's Diamond Star Co for a possible partnership, according to sources from the business community.  

"Discussion is underway to appoint Diamond Star Co as an agent and as far as I know, they will mainly import new cars," said a businessman close to the company.   

Diamond Star Co has long been importing automobiles from Japan and South Korea.  

Hyundai and Kia cars have a huge potential in the Myanmar auto market due to their world-class quality.

Diamond Star Co is also in the export/import business, food production, medicines and fertilizer, and shopping malls. It recently became the sole agent for American softdrink giant Pepsi Co. 

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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