YANGON — Chinese automakers are ramping up local production in Myanmar as they go head to head with dominant and entrenched Japanese rivals in the fast-growing market. There was a fivefold increase in the number of new cars sold in Myanmar in the three years to 2019, when sales hit 21,916, according to data from […]
Vehicles at the forefront of Myanmar’s drive for industrial growth
September 17, 2019 by
Toyota is developing an assembly plant in Myanmar,signaling strong growth prospects in the local market as the country looks to expand its manufacturing output. In late May the Japanese carmaker announced it will establish its first vehicle assembly plant in the country, in the Thilawa Special Economic Zone (SEZ) just outside of Yangon. Once it […]
European car makers express interest in Myanmar
July 5, 2019 by
The Czech Republic has announced interest to assemble Skoda cars in Myanmar, U Thaung Tun, Union minister for Investment and Foreign Economic Relations, said last week. “The Czechs sold the Skoda in Myanmar in the past and now they’ve made an offer to start production here,” U Thaung Tun said at an investment promotion event […]
New policy aims to raise number of new cars on the road
May 22, 2019 by
The Ministry of Industry launched a new automotive policy this month, with the aim of supporting transport and auto-related business through sustainable development and more foreign direct investments. Under the new policy, the usage of left-hand drive vehicles will be promoted for road safety purposes. Control measures on imports of used right-hand drive vehicles, which […]
A clean-up campaign for Yangon’s air pollution
May 21, 2019 by
The SHWEDAGON Pagoda was our first stop on a mission to gather data on air quality in various locations across Yangon, which began one Sunday morning in late March. The air quality in the commercial capital seemed to have deteriorated throughout the hot season, and we wanted to know how bad it was and what […]
Japan’s Toyota Tsusho to run Myanmar’s first car auction
March 11, 2019 by
Toyota Tsusho Corp., the Toyota Motor Corp. group’s trading arm, will hold Myanmar’s first car auction later this month with local startup Rebbiz Co., with the aim of building a marketplace for used car transactions. T.T.A.S. Co., the official local dealership of Toyota Motor, has said they will host the first such auction in Yangon […]
Myanmar auto portal on fast track amid surging demand
November 2, 2018 by
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 […]
Mandalay traders to quit pagodas
October 20, 2017 by
Traders had been told not to conduct businesses in monastery compounds in Mandalay Region and the government will arrange an alternative place where they can do their businesses. “Some people are doing business in monastery compounds. Please don’t do it. They can apply for a place (land) at the regional government and we will consider, […]
;
To see more of our client click