Rangoon Taxis Need Reform

Rangoon has around 70,000 taxis plying the city’s streets, many owned and run by individuals. There are two local pioneering app-based cab service providers—Hello Cabs and Oway Ride—cultivating a culture in which apps are used to hail taxis in the city since 2016. The two are now set to compete with foreign brands: Singapore-based firm […]

Myanmar-based Uber-like service Hello cabs raises an undisclosed amount of funding

Myanmar-based, leading ride-hailing platform Hello Cabs raises an undisclosed amount of funding from Nay Min Thu, founder of iMyanmar Group. Even though the exact amount of funding is kept undisclosed by the company, the value of the funding is expected to be in 7 digits US dollars. Hello cabs was launched in 2014 and is […]

This Is the World’s Tiniest Stock Exchange

Not many people, inside or outside the country formerly known as Burma. Now a year old, the Yangon Stock Exchange is home to just four companies. None of them has raised new capital, and trading is dominated by small investors, many of whom buy stock for less than 20,000 kyat, or $15. On a recent […]

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 […]

Myanmar Railways to call Tender for Car Parks

Myanmar Railways (Naypyitaw) said it will call for a tender to build multi-storey car parks and apartments on their acre of land behind Thamada cinema. Every interested person or company can submit a tender application starting from November, MR said in a statement. “We are doing this to reduce traffic congestion. York [Yaw Min Gyi] […]

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 […]

MAMDA Eyes to Organise Standalone Auto Traders

The Myanmar Automobile Manufacturers and Distributors Association (MAMDA) has opened a regional sub association for Yangon region in a bid to develop a more organised auto trading sector with the participation of the public. Although many people in Myanmar engage in auto dealing as middlemen, only a few are fully informed about the fast changing […]