Japan’s Toyota Group will start building an assembly plant in Thilawa Special Economic Zone (SEZ) this year, according to a Myanmar Times source. Toyota Motor Corp, the automobile branch of Toyota, will invest several billion yen for the facility to manufacture pick-up trucks through semi-knockdown (SKD) production for the Myanmar market. An official announcement will […]
Rangoon Taxis Need Reform
May 23, 2017 by
Rangoon has around 70,000 taxis plying the city’s streets, many owned and run by individuals. There are two local pioneering app-based cab service providers—Hello Cabs and Oway Ride—cultivating a culture in which apps are used to hail taxis in the city since 2016. The two are now set to compete with foreign brands: Singapore-based firm […]
Myanmar-based Uber-like service Hello cabs raises an undisclosed amount of funding
April 27, 2017 by
Myanmar-based, leading ride-hailing platform Hello Cabs raises an undisclosed amount of funding from Nay Min Thu, founder of iMyanmar Group. Even though the exact amount of funding is kept undisclosed by the company, the value of the funding is expected to be in 7 digits US dollars. Hello cabs was launched in 2014 and is […]
Yoma Incorporates Yangon Auto Subsidiary
February 10, 2016 by
Singapore-based Yoma Strategic Holdings Ltd said it has incorporated a new automobile subsidiary in Yangon. The new company, Yoma German Motors Limited, will sell and service Volkswagen passenger cars in Myanmar, the Myanmar focused company, owned by tycoon Serge Pun, said in a stock exchange filing in Singapore. The paid up capital for the new […]
Chevrolet Launches Colorado High Country for Wealthy Yangon Urbanites
February 10, 2016 by
Chevrolet, a division of American automaker General Motors, has launched its new Colorado High Country model in Myanmar to cater to the premium segment of a largely urban target market in the country. Chevrolet said the Colorado is one of its “most important product in Myanmar”, and High Country is designed to help grow Chevrolet’s […]
Automobile Service Centre Hopes to Revitalise Insurance Sector
February 10, 2016 by
The Tokyo Auto Service Japan Co Ltd, an automobile service centre that will not only repair damaged vehicles but also provide automobile insurance services, opened its doors in Yangon. The company said it noticed that car owners from Myanmar are not interested in buying insurance for their cars. Therefore, the company wants to try to […]
Driving Test Cheaters to Face Penalty
January 20, 2016 by
People who cheat on driving licence tests will be punished with a penalty of up to a three month ban from taking the test, the Road Transport Administration Department said. The penalty scheme is aimed to decrease cheating on driving licence tests. Many people are trying to cheat on the tests without studying the traffic […]
