Daewoo Bus Myanmar Company managing director Dr. Kyaw Kyaw Aung said that the company would open service centres for the domestically manufactured vehicles, in Yangon, Mandalay and Naypyitaw. “We have established a service centre in Htaukkyant, Yangon and we have a plan to open more service centres in Mandalay and Naypyitaw,” Dr. Kyaw Kyaw Aung […]
Local Daewoo bus production for export
June 21, 2017 by
Myanmar Trade Center Co will roll out locally manufactured Daewoo minibuses from its Htauk Kyant factory in Yangon by the end of this year, said the firm’s executive director U Kyaw Kyaw Aung, in a bid to help improve transport efficiency and ease congestion. U Kyaw Kyaw Aung added by 2018 the company will be […]
POSCO Daewoo launches agribusiness in Myanmar
January 24, 2017 by
POSCO Daewoo is launching an agribusiness venture in Myanmar as the company’s future growth engine. According to a POSCO Daewoo official, Sunday, Korea’s largest trading affiliate under POSCO group has secured construction and investment approval from the Myanmar government to build a rice processing complex (RPC) in Twante, the most accessible delta town from Yangon […]
Local firm plans Daewoo bus factory in Yangon
August 16, 2016 by
Myanmar Coach Centre, the local distributor for Daewoo buses, plans to build a factory in Yangon that could start producing coaches and city buses by 2018, its managing director said. The company, which sells minibuses and coaches for tours, imported 15 Daewoo city buses earlier this year for Yangon’s Bus Rapid Transport (BRT) system, the […]
Energy dilemma
March 15, 2016 by
Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]
China or India: Difficult choice for new Myanmar government
December 3, 2015 by
Even as the Aung San Suu Kyi-led National League for Democracy (NLD) is expected to form a new government in Myanmar, China has lost no time in diagnosing the import of the party’s victory and is all set to recalibrate its policy towards the country to steal a march over India towards gaining a deeper […]
Five firms selected for bus import plan
September 7, 2015 by
Authorities hope the BRT lite plan will bring order out of the near-chaos of Yangon’s multiple privately owned buses in competition with each other. Plans call for a November launch for system. Six companies had originally signalled interest in supplying buses, though five were ultimately chosen, of which four are also investors in the system. […]
Daewoo International CEO dismissed over Myanmar sale
June 12, 2015 by
POSCO has decided to dismiss Daewoo International CEO Jeon Byeong-eal for openly disapproving of its plan to dispose of Daewoo’s stake in a Myanmar natural gas project, officials familiar with the matter said Wednesday. The world’s fourth-largest steelmaker is expected to accept the resignation tendered by Jeon on May 14. Jeon and 31 other heads […]
