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Nissan says plant in Myanmar resumed operations on Wednesday

Nissan says plant in Myanmar resumed operations on Wednesday Feb. 5 06:00 am JST Mar. 7 | 12:21 am JST BANGKOK The requested article has expired, and is no longer available. Any related articles, and user comments are shown below. © (c) Copyright Thomson Reuters 2021. ©2021 GPlusMedia Inc. Feb. 5 08:57 am JST Sounds like we re beginning to see the military junta s strategy. Let the foreign countries continue to operate but to just keep their mouths shut regarding internal politics. 6 ( +6 / -0 ) Feb. 5 11:14 am JST The junta seem like sore losers! Hopefully, some divesting will get their attention. Japan like always will be a follower and wait to see what other countries do.

Nissan Motor says plant in Myanmar resumed operations on Wednesday

By Reuters Staff 1 Min Read BANGKOK, Feb 4 (Reuters) - Japan’s Nissan Motor Co Ltd said its factory in Myanmar had resumed operations on Wednesday, after operations were suspended this week following a military coup in the Southeast Asian country. On Monday, people were asked to stay at home because the situation was fluid, said Kalle Siebring, Head of Communications at Nissan ASEAN, who said that the company had prioritised the safety of its employees and partners. “Yesterday, indeed operations are back,” he said. Nissan’s partner in Myanmar is Malaysia’s Tan Chong Motor Holdings Bhd, which manages the operations. (Reporting by Chayut Setboonsarng Editing by Ed Davies)

Extension of tax exemption to spur new vehicles sales

Extension of tax exemption to spur new vehicles sales AYISY YUSOF and AZANIS SHAHILA AMAN © Provided by New Straits Times As part of the short-term Penjana economic recovery plan to stimulate the economy, the government on Tuesday said it would continue providing full exemption on sales tax for new locally-assembled (CKD) units and 50 per cent exemption on sales tax for imported (CBU) cars until June 30 next year. KUALA LUMPUR: Malaysia s automotive sector will be lacklustre without the extension of sales tax exemption as certain carmakers are facing supply disruption, industry officials and analysts said. The government s decision to extend new vehicle sales tax exemption for six months would help to spur demand owing to a reduction in prices, they added.

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