Comprehensive Auto Insurance Still a Hard Sell

  Approximately 20 percent of vehicle owners have bought a comprehensive coverage insurance policy despite the rising number of motor vehicles used for transportation. According to the state-run insurer Myanmar Insurance Enterprise (MIE), the number of vehicles users are increasing day by day, but only a few have purchased full coverage so far due to […]

Nissan to build cars in Myanmar for first time

YANGON — Japanese auto giant Nissan will start assembling cars in Myanmar for the first time this year, the company said Wednesday, as it expands its presence in one of Asia’s final economic frontiers. Foreign companies have piled into the Southeast Asian nation since reforms began in 2011, eager to tap into a 51.5 million-strong […]

Yoma Incorporates Yangon Auto Subsidiary

Singapore-based Yoma Strategic Holdings Ltd said it has incorporated a new automobile subsidiary in Yangon. The new company, Yoma German Motors Limited, will sell and service Volkswagen passenger cars in Myanmar, the Myanmar focused company, owned by tycoon Serge Pun, said in a stock exchange filing in Singapore. The paid up capital for the new […]

Chevrolet Launches Colorado High Country for Wealthy Yangon Urbanites

Chevrolet, a division of American automaker General Motors, has launched its new Colorado High Country model in Myanmar to cater to the premium segment of a largely urban target market in the country. Chevrolet said the Colorado is one of its “most important product in Myanmar”, and High Country is designed to help grow Chevrolet’s […]

Automobile Service Centre Hopes to Revitalise Insurance Sector

The Tokyo Auto Service Japan Co Ltd, an automobile service centre that will not only repair damaged vehicles but also provide automobile insurance services, opened its doors in Yangon. The company said it noticed that car owners from Myanmar are not interested in buying insurance for their cars. Therefore, the company wants to try to […]

Driving Test Cheaters to Face Penalty

People who cheat on driving licence tests will be punished with a penalty of up to a three month ban from taking the test, the Road Transport Administration Department said. The penalty scheme is aimed to decrease cheating on driving licence tests. Many people are trying to cheat on the tests without studying the traffic […]

Over 35,000 Parking Space Recommendations Issued in Nine Months

In the last nine months, 35,282 parking space recommendations, which proves that a car importer has sufficient space to park the car, have been issued, according to the Ministry of Commerce. Under a new law, introduced in January this year, an individual importer or a company who apply for a car import licence need a […]

Bus Rapid Transit System Set for December Start

The first two lines of a bus rapid transit (BRT) system in Yangon may open as soon as December, according to an official associated with the matter. Bus stops have been built on Kabaraye Pagoda road and Pyay road to facilitate the public bus lines which will use the first BRT routes in Yangon. Bus […]

Embattled Motor Vehicle Law to Become Public in September

In order to inform the public about the draft Motor Vehicle Law, the Myanmar Motor Vehicle Producers and Distributors Association will publish a draft of the law by the end of September. Comments and suggestions from the public will be allowed to revise the draft law, Dr Soe Tun, chairman of the association, said. “The […]

Over One Third of Yangon Traffic Lights to be Upgraded

Tenders will be invited to upgrade Yangon’s old traffic lights as part of the process to solve the business capital’s worsening traffic congestion and to better enforce traffic rules, according to an official from the auto regulatory body Ma Hta Tha. Some traffic lights in use in Yangon operate on the urban electrical grid, and […]