OneKyat App Adds a New Category for Automobiles

A mobile app called OneKyat announced that it has added a new category for listing automobiles. OneKyat is an online marketplace for customer to customer (C2C) interaction. The app has over one million users, and allows them to communicate via the in-app chat system. People seeking to buy or sell an automobile can do so […]

Car makers up local production despite challenges

Car makers in Myanmar have been increasing production of locally assembled automobiles in response to higher demand. Suzuki Myanmar Motor Co Ltd this year produced 15,000 vehicles compared to 12,000 in 2018, representing a 25 percent increase in year-on-year production, the company said. “We are more producing more brand new motors based on our factory […]

Automobiles to roll off new assembly line in Mandalay

Myanmar has been importing car parts and assembling them for years, but now Chinese cars will be produced here for the first time, at Myotha industrial zone in Ngazun township, Mandalay Region. Shining Star Group of Kunming, China, established Gold AYA Motor International Co Ltd to make automobiles in Myanmar in 2017. The plant on […]

Yangon chief minister calls for auto production efforts for global market

Myanmar must make efforts to manufacture a whole car and penetrate the international market, said Yangon Region chief minister Phyo Min Thein at the first international automobile show held in the Inya Lake Hotel compound on February 23. He laid out the government’s preparations for facilitating car imports as well as giving opportunities for domestic […]

Awra Trading Co to supply LPG as petrol alternative in Yangon

Awra Trading Co Ltd will start supplying liquefied petroleum gas (LPG) as an alternative to petrol in Yangon, said chair U Kyaw Myo Naing. On December 16, the local company launched its LPG Auto Gas Filling Station & LPG Conversion Kit Installation Center in Shwe Pauk Kan Industrial Zone, Yangon. “We are expanding and now […]

CB Bank chair to open industrial zone

The chair of one of Myanmar’s largest banks is turning his hand to a new sector, with a plan to open Taungoo township’s first industrial zone, which he hopes will entice hundreds of thousands of migrant workers back to the area. Chair of Co-operative Bank U Khin Maung Aye also chairs the Kaung Myanmar Aung […]

Ford opens showroom in the second city

Ford vehicles are now on sale in Mandalay, as the automaker has opened a showroom and service centre in the country’s second-largest city, according to a press statement yesterday. The Dearborn, United States-based automaker opened its first Myanmar showroom in Yangon two years ago, partnering with Capital Automotive, a part of local conglomerate Capital Diamond […]

Over US$9 billion worth of goods imported this year

More than US9 billion worth of goods has been imported this fiscal year (FY) including automobiles and the volume is more than US$2 billion than last year, according to the Ministry of Commerce. From April 1 to October 24 of 2014-2015 FY, total volume of imports including cars was US$9295.681 million. During the same period […]

Myanmar’s trade volume nearly hit US$16bn

Myanmar’s total trade volume has nearly hit US$16 billion in the first nine months of fiscal year 2013-14, according to the Ministry of Commerce. The trade volume reached US$15.92 billion between April 1 and December 6, which is US$3.65 billion up from the same period last year. The government has targeted US$25 billion for the […]

Strict Lending Rules Limit Growth of Hire Purchase in Myanmar

Hire purchase is failing to catch on in Burma due to strict Central Bank rules limiting the length of credit agreements and demanding large amounts of paperwork from consumers, observers said this week. After private banks began to prosper in the country once again in 2010, there were signs a hire purchase market would take […]