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New Toyota Innova model hits Myanmar market

Global car company Toyota officially launched its Innova eight-seater compact multi-purpose vehicle (MPV) in Myanmar last Wednesday. The Innova is the third model, after the Avanza and Rush, Toyota has introduce in Myanmar this year. The Innova specifically for the emerging markets in Asia including Myanmar. The new Innova comes with a powerful 2.0 liter […]

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 […]

Japanese cars enjoy an afterlife in Myanmar, but not for much longer

THE Japanese make cars that last but replace them relatively quickly. The average car in Japan is three years younger than in America. This combination of durable manufacturing and dutiful consumption of a prized national product works out well for the rest of the world; many countries import older Japanese cars in bulk. Secondhand vehicles […]

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 […]