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Japan’s Toyota Tsusho to run Myanmar’s first car auction

Toyota Tsusho Corp., the Toyota Motor Corp. group’s trading arm, will hold Myanmar’s first car auction later this month with local startup Rebbiz Co., with the aim of building a marketplace for used car transactions. T.T.A.S. Co., the official local dealership of Toyota Motor, has said they will host the first such auction in Yangon […]

Reset capital market, allow foreign competition to unleash growth: leaders

Foreign investor interest in Myanmar appears to be waning at a time when the global economy is losing momentum, if recent data is anything go by. As such, a hard reset of the local capital market is needed to ensure the business environment remains friendly to existing firms and entrepreneurs, as their survival and growth […]

Myanmar’s new early-stage fund EME launches with investments in Joosk Studio, CarsDB

A sector-agnostic fund, EME looks to invest between US$50K and US$200K in five to seven startups per year Emerging Market Entrepreneurs (EME) has announced the launch of its first early-stage VC fund with a focus on Myanmar’s growing startup ecosystem. The fund has also announced investment in two startups — Joosk Studio (an animation and […]

Myanmar auto portal on fast track amid surging demand

THOUGH the lack of stable automobile policies in Myanmar is holding back the potential for an auto boom, CarsDB.com, the nation’s largest automobile marketplace, is confident it will be able to maintain its annual two-fold growth in revenue, according to Wai Phyo Kyaw, co-founder and chief operating officer of the company. “Since the past three […]

As demand rises, CarsDB seeks funds for further expansion in Myanmar

Ko Wai Phyo Kyaw, COO and co-founder of CarsDB, is seeing business take-off on the back of a recent change in the way consumers are buying cars in Myanmar. Now, the digital automobile classifieds site is ready to initiate new service offerings such as insurance and financing to expand further. With the recent policy shift […]