As demand rises, CarsDB seeks funds for further expansion in Myanmar

Ko Wai Phyo Kyaw, COO and co-founder of CarsDB, is seeing business take-off on the back of a recent change in the way consumers are buying cars in Myanmar. Now, the digital automobile classifieds site is ready to initiate new service offerings such as insurance and financing to expand further. With the recent policy shift […]

New vehicle import policy disruptive to Toyota’s Myanmar strategy

Sales of Toyota cars are expected to trail behind that of other car makers in Myanmar as a result of the government’s latest vehicle import policy, a spokesperson for Toyota Motor Corporation said. Under the new policy, which was announced and made effective last month, all new imported cars must now be left-hand-drive in accordance […]

RTAD rules out right-hand-drives

Vehicle prices may be set to rise next year as the government moves to reduce the number of right-hand- drive cars on the roads, importers and dealers say. The new import rules for 2016 issued by the Road Transport Administration Department will oblige a wide range of importers, including nearly all government staff, to import […]