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Japan’s Toyota Tsusho to run Myanmar’s first car auction

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

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 to continue Thingyan market

The Thingyan market, which offers shopping and entertainment to visitors, was such a success in Mandalay last year that it will continue this year. A countryside Thingyan night market (Taw Thingyan nya zay) will also be opened, according to the Mandalay City Development Committee. The countryside Thingyan night market will be held on 66th between […]

Mandalay traders to quit pagodas

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, […]

Car import permits down 60pc in 2017-18

Applications for the import of passenger vehicle is down by more than 5,000 so far this fiscal year compared to the same period in the previous fiscal year, said U Aung Htoo, deputy minister for Ministry of Commerce. The government has been trying to limit the import of cars to control traffic congestion in the […]

Timber group replaces sub-contractors with service providers

This comes after it previously said no more sub-contracts would be issued. It announced that the decision to hire service providers was due to the MTE’s capacity limits. Experts have questioned the differences between sub-contractors and service providers and argued that transparency is essential in any reformed processes. Last year, the MTE announced that it […]

Ford opens Yangon factory

The government and motor giant Ford jointly opened a car assembly plant in Yangon on July 21. Ford worked with Capital Automotive Limited and Capital Motors Limited to open the factory at the industrial zone in east Dagon Myothit. Khin Tun, chairman of Capital Automotive, praised the collaboration. The Capital Motors factory puts together Ford […]

Yangon takes legal action against nearly 30,000 vehicles

The Yangon region government took legal action against nearly 30,000 vehicles which are parked on public roads for long periods, it is learnt. As the number of cars in Yangon increased and parking became scarce, there were many quarrels over parking. Some companies and shops are taking up many of the parking spots on public […]

Yangon gridlock

Than Htwe lives in Hlaing Tharyar, a sprawling township 20 kilometers west of central Rangoon, but his job is downtown. Every morning he wakes up in the early hours, quickly downs a cup of tea and rushes to the bus stop at 6:30 so he can get to his workplace by 9 o’clock. He meets […]

Car import business marred by fraudulent dealings

However, the chief of the unit, U Myint Cho, said the rate of importation had fallen from about 20,000 per month last year to the single-figure thousands this year. “From that point of view the system has been reasonably successful,” he said. Alarmed at the almost constant congestion that developed in Yangon following the liberalisation […]