Currency depreciation, policy changes a barrier to motorisation

Myanmar will reach the income level required to become “motorised” before neighbours Laos and Cambodia, but policy changes and currency instability threaten to undermine the market. As incomes rise, new vehicle sales are likely to increase. Myanmar citizens will reach the level of income required for motorisation to take off by 2019. Laos will reach […]

Luxury cars gaining popularity in Myanmar

YANGON: A growing number of Myanmar citizens are buying brand-new luxury cars. Aside from changes in legislation that now allow them to do so, many locals are also becoming more affluent. This is prompting many premium automobile companies to enter Myanmar. As Myanmar opens its doors after decades of isolation, over 200 new car showrooms […]