Shifting to Chinese cars

Hoping to wean drivers off second-hand Japanese cars, LS Auto signed a deal on January 18 to import vehicles from China’s Guangzhou Automobile Group, GAC Motor, starting in March. The deal could open the door for GAC to produce vehicles in Myanmar. “[GAC] is based in China, but 70 percent of the parts are produced […]

Yoma in tie-up to distribute Mitsubishi cars in Myanmar

Mainboard-listed Yoma Strategic Holdings announced on Wednesday (Dec 16) a 50:50 joint venture with Mitsubishi Corp to distribute the Japanese cars in Myanmar. The joint venture company, MM Cars Myanmar Ltd, will be responsible for the distribution (wholesale), retail sales, after-sales services, and maintenance services of Mitsubishi cars and spare parts. It will also take […]

Developer Yoma Strategic is a big winner in Myanmar election

Yoma Strategic Holdings surged Wednesday in Singapore’s stock market on hopes that the National League for Democracy’s likely ascent to power in Myanmar will spell new opportunities for the real estate developer in that market. The company closed at 0.51 Singapore dollar (35 cents), up 3.03% from Monday. The stock rose as far as S$0.52 […]

Mechanics Forced to Retool as Newer Cars Flood Burma’s Market

As the sun set on Rangoon and the heat dissipated after a long day of rains, Ba Bu Lay sat and watched as his sons finished repairs in a shop full of imported Japanese and European cars. These days Ba Bu Lay, who owns Ba Bu Lay and Sons in a section of town known […]