Urban Mobility
SINGAPORE, Oct. 4, 2016 /PRNewswire/ — Star Ticket, Redbus of Myanmar, has raised USD$200,000 from Myanmar’s local Internet company, BOD Tech. Thet Mon Aye founded Star Ticket together with her brother, Zarni Nway Oo, to solve a problem which they faced themselves, they were not able to buy bus tickets online to get around from city to city. Now, travelers
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Ruili is trying to attract high-tech manufacturing and processing firms, in an attempt to enhance its competitiveness as the US and Japan turn their eyes to the Southeast Asian region. Four industry parks involving logistics, bio-pharmaceuticals, equipment manufacturing and livestock processing will be established in the frontier city over the following months in partnership with companies including CITIC Group, Luo
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Thailand-based OEMs are set to benefit from the expansion of an existing auto tariff-free zone to ASEAN members Cambodia, Laos, Myanmar and Vietnam in 2018. Thailand is a regional production and export hub for the world’s top automakers, including Japan’s Toyota, Honda, Mitsubishi, Isuzu and Nissan, as well as U.S.-based General Motors, primarily Chevrolet, and Ford. According to global market-research firm IHS, Thai
Read moreAfter half a century of isolation, Myanmar has finally opened up its market. It is a big country with a population of 51 million, strategically located between India, China and Thailand, with GDP growth of 8.7% in 2014—this growth is expected to be in a similar range until 2019. Myanmar has favourable demographics—over 50% of the population is below 27
Read moreGerman automaker BMW has extended their hand as they opened a new showroom in Mandalay, the country’s second largest city. BMW and its local distributor, Prestige Automobiles Company Ltd, opened the second showroom which includes a BMW lifestyle shop that sells BMW sport and car accessories. Customers who buy any BMW car during July can have an opportunity to visit
Read moreLiberalizing Myanmar’s potential market for new cars is significant, but growth currently is hampered by regulatory uncertainty. Although it has a population of 51 million, only 5,000 new cars were sold during the last financial year. Car imports effectively were banned under the military regime until September 2011. A half-million cars were imported during the previous quasi-civilian government’s 5-year tenure
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