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Myanmar encourages development of automobile assembly industry

YANGON, June 24 (Xinhua) — Myanmar is encouraging the development of automobile assembly industry, allowing auto manufacturers to import products that are essential to make vehicles in the country. According to the Supervisory Committee for Motor Vehicle Imports and Related Business Monday, between April 2018 and January 2019, the committee has allowed eight auto manufacturers […]

FMI terminates investment in Yeni Industrial Town Project

First Myanmar Investment Company (FMI) yesterday announced the termination of its agreement to invest in Asia Golden Glory Development Co, the company involved in developing the Yeni Industrial Town Project. In an announcement filed with the Yangon Stock Exchange, FMI said it had terminated a 2017 agreement for it to acquire a 30 percent stake […]

Yangon govt ‘invests’ Ks70bn in YBS

Yangon Bus Public Company Ltd (YBPC) has deposited Ks70 billion at the Ayeyarwady Bank for the Yangon Bus Service (YBS), according to Myint Thaung, the regional minister for planning and finance. Replying to the question raised by Sandar Min, an MP representing Seikgyi Khanaungto constituency no.1, about investment, profit-sharing and the business plan for the […]

H&M supply factory in Myanmar damaged in violent labour protest

Workers demanding better conditions and benefits have destroyed the production line of a Chinese-owned factory in Myanmar making clothes for Swedish fashion retailer Hennes & Mauritz, in one of the most violent labour disputes in the country in years. The month-old dispute, which also saw managers attacked, highlights the need for Aung San Suu Kyi’s […]

Bus Rapid Transit System Set for December Start

The first two lines of a bus rapid transit (BRT) system in Yangon may open as soon as December, according to an official associated with the matter. Bus stops have been built on Kabaraye Pagoda road and Pyay road to facilitate the public bus lines which will use the first BRT routes in Yangon. Bus […]

MAMDA Eyes to Organise Standalone Auto Traders

The Myanmar Automobile Manufacturers and Distributors Association (MAMDA) has opened a regional sub association for Yangon region in a bid to develop a more organised auto trading sector with the participation of the public. Although many people in Myanmar engage in auto dealing as middlemen, only a few are fully informed about the fast changing […]

Embattled Motor Vehicle Law to Become Public in September

In order to inform the public about the draft Motor Vehicle Law, the Myanmar Motor Vehicle Producers and Distributors Association will publish a draft of the law by the end of September. Comments and suggestions from the public will be allowed to revise the draft law, Dr Soe Tun, chairman of the association, said. “The […]

Mercedes Buses to be Introduced in Myanmar

Cycle & Carriage Automobile Myanmar Co Ltd, the authorised dealer of Mercedes-Benz in Myanmar, is to introduce buses manufactured by the German automaker to the Myanmar market. U Aung Thet Lwin, head of the company’s sales department, said that buses produced by Mercedes will be introduced as buses currently in use in the country are […]

YCDC Opens Multi-Storey Car Parks

The Yangon City Development Committee (YCDC) has opened two multi-storey car parks at the intersection of Yadanar road and Thu Mingalar road in South Okkalappa township in Yangon. Each parking building has four stories and is capable of holding 141 cars, according to one official of Engineering Department of YCDC. “The traffic is tight on […]

Regulations and Price Reduced for Yangon City Taxis

The regulations and price for the registration of City Taxies have been reduced, according to an official from auto regulatory body Ma Hta Tha. U Hla Aung, chairman of Ma Hta Tha, said that registration and renewal fees cost K3,000 for registration and an additional charge K11,500 for taking photos and adhering stickers previously, but […]