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Hyundai joins fray in Myanmar’s crowded auto market

Myanmar’s restrictions on imported vehicles are pressing foreign automakers to switch to local production, adding pressure to a crowded field in Southeast Asia’s last promising growth market. Last week, South Korea’s Hyundai Motor marked the opening of a new contract manufacturing facility in Myanmar by launching its first locally made cars. That makes it one […]

Foreign insurance firms can give Myanmar’s lagging insurance market a much-needed boost

It has been a long time coming, but foreign insurance companies will soon be able to operate in Myanmar. Plans to liberalise the insurance market in this way were first announced in 2011. But only now has the government given the regulations the go-ahead. It is too late for those companies that left after becoming […]

Toyota sees rising demand despite inability to issue Yangon license

Toyota Motors is seeing demand rise for its imported automobiles despite the inability to issue Yangon license plates allowing car owners to legally park in the notoriously congested city. The Japanese car maker yesterday launched the new Toyota Rush in Myanmar, where it hopes to sell up to 80 new units of the Rush within […]

Irish building up a head of steam in Myanmar

When Kieran Rabbitt stepped off a plane and into the heavy Yangon heat four years ago, little did he think he’d still be in Myanmar today, at the cutting edge of the country’s digital revolution. From offices in downtown Yangon, the Athenry native – along with Karim Ainsworth from Belfast – runs Cube Digital. The […]

Why Myanmar’s government needs to do more to maintain economic growth

Myanmar’s economy is growing. In particular, the manufacturing and retail sectors are booming. However, the government must address significant challenges to maximise Myanmar’s growth potential. The manufacturing industry grew dramatically The government set bold industralisation targets. It wanted to promote manufacturing exports and lessen the country’s reliance on oil and gas. Industry, including manufacturing, contributed […]

New vehicle import policy disruptive to Toyota’s Myanmar strategy

Sales of Toyota cars are expected to trail behind that of other car makers in Myanmar as a result of the government’s latest vehicle import policy, a spokesperson for Toyota Motor Corporation said. Under the new policy, which was announced and made effective last month, all new imported cars must now be left-hand-drive in accordance […]

Nissan Car Dealers Wanted

Subscribe to our tender alert mailing list As part of the business expansion, we would like to invite you to join us an our pioneers in growing the Myanmar market. We welcome interested potential dealers to operate in the following regions / areas: Mawlamyine Pathein Pyay Yangon Nay Pyi Daw Magwe Taungyi Lashio Mandalay Please […]

Nissan to build cars in Myanmar for first time

YANGON — Japanese auto giant Nissan will start assembling cars in Myanmar for the first time this year, the company said Wednesday, as it expands its presence in one of Asia’s final economic frontiers. Foreign companies have piled into the Southeast Asian nation since reforms began in 2011, eager to tap into a 51.5 million-strong […]

Burma’s New Auto Policy to Promote Manufacturing, Say Experts

RANGOON — Domestic and foreign car industry experts will convene over the weekend to hash out details of a new automobile policy geared toward streamlining Burma’s ownership, manufacturing and import practices. The Myanmar Automobile Policy Conference will take place at the Union of Myanmar Federation of Chambers of Commerce (UMFCCI) in Rangoon on May 31. […]

Jaguar Land Rover rolls into growing Myanmar market

Myanmar is witnessing something that few people could have imagined just two or three years ago: New, high-end automobiles are starting to hit the roads as the economy of the once-shunned country gains… Most of the vehicles on the streets of Yangon and other major cities are still either second-hand imports or ancient cars that […]