Filter by date

Geely Auto Enters Myanmar Market

Geely brand, ranked the 9th in the Portfolio Brand Value 2020 in the world evaluated by Brand Finance, will enter the Myanmar market and launch new models in partnership with Premier Automotive Limited (PAL), which is the integrated Automotive Corporation as a member of CDSG, one of the biggest conglomerates in Myanmar. Starting in 2020, PAL will open new 3S shops in Yangon and Mandalay to sell vehicles of Geely brand. The partnership will offer the latest Geely technologies, newest generation models, and world-class service to the customer in Myanmar. Together with PAL, Geely Auto aims to become one of top auto brands in the Myanmar market. Geely Auto is a core subsidiary of Geely Holding Group (Geely Holding), a global automotive group with operations spanning the automotive value chain, from research, development and design to production, sales and servicing. Established in 1986 and entering the automotive industry in 1997, Geely Holding has since expanded significantly with controlling stakes in many established international brands and partnerships, such as 99% ownership of Volvo, a 51% controlling-stake in Lotus and a 9.7% stake in Daimler AG. In 2020, Mercedes-Benz and Geely Holding announced formal establishment of the global joint venture “smart Automobile Co., Ltd.” for the smart brand. Geely Holding manages several leading brands including Geely Auto, Volvo, Lynk & Co, Lotus, Polestar, Proton Cars, Geometry and London Taxi, operates over 40 manufacturing and assembly plants, 8 R&D centres, and 8 design centres across North America, Europe, China, and South East Asia. Through the support of Geely Holding, brands under the Group’s management sold over 2.178 million vehicles globally in 2019, with Geely Auto retaining its position as the best-selling Chinese brand for three consecutive years. Geely Holding has been listed in the 2020 Fortune Global 500 for the past nine consecutive year, ranking 243rd with revenues of US$47.886 billion in 2020. Since first entering the Fortune Global 500 in 2012, Geely Holding has risen over 200 places. In the partnership with Geely Auto, Premier Automotive Ltd will be responsible for the importation and distribution of Geely Auto branded vehicles. U Khin Tun, Managing Director of PAL said, “We are introducing the Geely Auto brand to Myanmar because of its advanced technology and high quality. Geely’s products have undergone extensive tests under harsh road conditions before being introduced to the market. They have undergone more than 50,000 hours (5.7 years) of testing in extreme weather conditions (temperatures between -40 and +60 degrees) and travelled over 12 million km in road tests, so we know the quality is very reliable. In terms of design, Geely’s latest models feature a youthful sporty design and has the latest safety features giving them a very premium vehicle feel. We are very proud to be able to partner with such a brand in Myanmar.” The Geely brand’s first model to be available in the local market will be the Geely Coolray. The model will be presented in Myanmar in three trim levels with duel-color body - Comfort, Luxury and Sport at the price start from 30.8 million Kyats. Based on the B-segment Modular Architecture (BMA) platform, jointly developed by Geely in close cooperation with Volvo, the Coolray utilizes a highly efficient 1.5TD engine providing 177hp and 255 N.m of torque with a 0-100km/hour acceleration of up to 7.9 seconds as well as top of its class handling. Inspired by the design concept of “Racing through Space and Time”, the Coolray design is sporty, dynamic and is able to distinguish itself with high-technical functions Automated Parking Assist (APA), Blind Spot Detection (BSD) and 360-degree camera. Equipped with CN95 filter, the Coolray’s body consists of as high as 70% high-strength steel and 20% hot-formed steel, overall making customers be safe, fun and bringing exciting experience in driving. Geely Press Release (MM) Geely Press Release (Eng)  

Capital Diamond Star Foundation donated whole-genome sequencing (NGS) machine to Ministry of Health and Sports

Yangon, November 16, 2019 – Capital Diamond Star Foundation, the philanthropic arm of Capital Diamond Star Group (CDSG), donated a next-generation, whole-genome sequencing (NGS) machine to the National Tuberculosis Reference Laboratory, National Tuberculosis Programme, and Department of Public Health, Ministry of Health and Sports, together with New Zealand Embassy, members of the New Zealand Myanmar Chamber of Commerce, and the University of Otago. Current, conventional tools can neither effectively diagnose drug-resistant TB - compounding the drug-resistant TB burden - nor identify how drug-resistant TB is being transmitted. An NGS machine can, on a patient-by-patient basis, provide comprehensive genetic information on the bacteria that causes TB (Mycobacterium tuberculosis) which can be used to identify drug resistance. This in turn supports rapid clinical decision-making and effective diagnosis of drug-resistant TB, ultimately improving treatment outcomes for patients. Additionally, data gathered from NGS can be used to unravel TB transmission patterns, which cannot be achieved with current conventional diagnostics. Myanmar is listed by World Health Organization as having a top fourteen TB burden in the world. TB prevalence is Myanmar is at rate three times higher than the global average and one of the highest in Asia. The National Tuberculosis Reference Laboratory, National Tuberculosis Programme, and Department of Public Health have been working diligently to fight this public-health threat and are constantly working to obtain cutting edge equipment to assist in this fight. The donation event was held at Melia Yangon hotel and was attended by the Minister of Health and Sports and government officials as well as representatives from New Zealand Embassy, the New Zealand Myanmar Chamber of Commerce, the University of Otago, senior management team from CDSG, guests and the media. About Capital Diamond Star Group Capital Diamond Star Group (CDSG) has grown from a small trading company in the 1960s into one of the most respected and prominent conglomerates in Myanmar. CDSG operates businesses in a wide variety of sectors including agriculture, FMCG (both distribution and manufacturing), construction, healthcare, banking, insurance, e-commerce and other financial services. CDSG accomplishes all this with a dynamic and energetic staff of over 9,000 employees. About Capital Diamond Star Foundation Capital Diamond Star Foundation is the philanthropic arm of CDSG. The foundation serves the people of Myanmar through initiatives and projects in education, health, culture, agriculture development, and rural & urban area development. The foundation also responds to calls for humanitarian assistance throughout Myanmar during emergencies and natural disasters. For more information, please contact: Kyaw Swar Corporate Communications and PR Manager Capital Diamond Star Group Mobile: +95 9 2532 61559 Email: kyaw.swar@cdsg.com.mm Website: www.cdsg.com.mm      

Business Alliance between Capital Life Insurance & Taiyo Life Insurance Company

October 25, 2019 - The Celebration Ceremony of the Business Alliance between Capital Life Insurance & Taiyo Life Insurance Company is held at Melia Hotel today evening 5pm. In this Ceremony, Chief Minister of Yangon Regional Government,U Phyo Min Thein, the Ambassador of Japan Embassy in Myanmar,H.E Mr. Ichiro Maruyama, Chairman of Capital Diamond Star Group,U Ko Ko Gyi, Chairman of Taiyo Life Insurance, Mr. Katsuhide, Tanaka, Director General of Financial Regulatory Department, Ministry of Planning and Finance,U Zaw Naing, Managing Director, Chairman of Myanmar Insurance Association,Dr. Sandar Oo, Invitees attended this ceremony. From the day the company starts up, within these six years, Capital Life has successfully opened Head Office and 10 Branches in Yangon and other cities. Capital Life is one of the companies which lead in selling endowment life insurance and protection type insurance in this market. In the coming future, Capital Life will expend and open the branches not only in cities also in the villages and it has already designed and planned to expand the insurance industry. Taiyo Life Insurance which has a business alliance with Capital Life Insurance, started the life insurance in Japan more than 125 years, gets a strong belief from customers and one of the strong insurance companies in Japan. Taiyo Life strongly interests to enter the Myanmar Insurance market and so it has been the first Japan Insurance Company which opened the Representative Office in Myanmar. Taiyo Life Insurance has already deeply researched the Myanmar insurance market and has a high commitment upon Myanmar. In Japan, Taiyo Life uses a good selling technique that they go to the people’s house to sell the life insurance policy. So that, this technique can also be succeeded in Myanmar insurance market. Like this achieving the belief from customers, being a strong life insurance company and understanding the Myanmar insurance market, Capital Life chose to become business partnership with Taiyo Life. So, today is such an amazing day that Capital Life and Taiyo Life do business alliance to be successful in the future and to become top insurance company of Myanmar. According to the instruction of Ministry of Planning & Finance to perform market liberalization, foreign insurance company are allowed to enter the Myanmar insurance market in the early 2019 and Capital Life and Taiyo Life start a mission to do business alliance and at the end of July 2019 they are chosen as a successful applicant. In his speech, U Ko Ko Gyi, CDSG Group Managing Director said, “The main reason of Capital Life do business alliance with Taiyo Life is to expand the insurance market in Myanmar, to know the insurance knowledge in Myanmar people, to create better, creative life insurance products in market with better insurance services and to get a better job in Myanmar people. By using a good technique and experience which Taiyo Life Insurance has over 100 years in Japan, we will make to improve the human resource in Myanmar.” In his speech, Mr.Tanaka, Taiyo Life Chairman said, “We have already decided to carry out together the duty of giving the pleasure to public and spread the life insurance in Myanmar. When we make research rapidly in Myanmar, we strongly believe that life insurance is necessary in Myanmar. We also believe that we will achieve a great success when combination of the knowledge and skills of Capital & Taiyo Life." In his speech, Mr.Soejima, Taiyo Life President said, “I think we need 3 facts to achieve success and get great results when we do business alliance between Capital Life & Taiyo Life in the future. First, we need to expand the sales strategy, Secondly, create new insurance products and last, use an IT technique. By doing business alliance, we will perform dynamically to get our mission to become a number one life insurance company in Myanmar.” In June 2013, Capital Life Insurance Company received the license to operate life insurance business in Myanmar and started selling insurance products such as short term endowment life insurance, group life insurance, health insurance, travel insurance, personal accident insurance, education life insurance and credit life insurance. Taiyo Life uses a good selling technique that they go to the people’s house to sell the life insurance policy. So, this technique can also be succeeded in Myanmar insurance market. Media Release_MM Media Release (ENG) For more information, please contact: Contact person – U Aung Thein Tun General Manager Mobile – 09 970019900 Email – info@capitallife-insurance.com

IBTT holds Grand Opening Ceremony to provide port services for bulk cargoes

Yangon, September 7, 2019- International Bulk Terminal (Thilawa) Co., Ltd. (IBTT) which is a port focusing on the handling of the bulk cargoes (grain, feed, Agri inputs, construction materials and other any possible bulk cargoes) in Thilawa port area, plot 30/31(A), held its grand opening ceremony at Melia Yangon Hotel, and was attended by government officials, ambassadors, guests, and Senior Management team from the shares holding companies. IBTT situated at Plot 30 and 31(A), is further downstream from the Thilawa Special Economic Zone. It has a jetty 230 meters in length, 25 meters in width, with a 11-meter draft, which has a designed capacity to accommodate vessels up to 200 meters LOA and 60,000 DWT (Dead Weight Tonnage). For storage, IBTT boasts a silo capacity of total 40,000 Metric Ton, and a 5,400 square meter warehouse (which roughly equates to about 20,000 Metric Ton for feed material, Soya Bean Meal). Behind IBTT, there is 42 acres of the land in the same plot which has ability to expand more in the future as the demand for bulk trading increases. IBTT is a joint venture between Lluvia Limited (joint venture with Mitsubishi Corporation and Capital Diamond Star Group - CDSG), Kamigumi Co.,Ltd and JOIN Corporation, and provides services for cargo handling such as stevedoring, loading, discharging, storage, bagging, and fumigation for the handling cargoes. Moreover, IBTT will aim to serve the Development of Myanmar’s food industry by providing 24/7 services to our customers. IBTT, which has started operation in May this year, has already completed the discharging of three wheat flour vessels of 20,000~25,000 Metric Ton, with total volume of 70,000 Metric Ton. The discharge of each of these vessels completed within less than 5 days of operation.  IBTT is planning to handle more varieties of bulk cargoes with efficient and higher quality services, to contribute toward Myanmar’s economic growth. Bernd Walther, Managing Director of IBTT, said, “The opening ceremony of IBTT today marks our first step towards the long-term cooperation with Lluvia Limited, Kamigumi Co., Ltd and JOIN Corporation in Myanmar. In future, we will strive to develop the port business and at the same time, provide the necessary services for the growth of Myanmar’s Economy.” For more information, please contact: Shimpei Okada Corporate Strategy & Planning / Sales and Marketing Manager IBTT Mobile: +95 9 4433 78509 Email: shimpei.okada@lluvia.com.mm Website: https://www.cdsg.com.mm/ibtt/  Media Release_IBTT grand opening ceremony_Final_Myanmar Version Media Release_IBTT grand opening ceremony_English Version

Ford Ranger Raptor Arrives in Myanmar, Bringing Off-Road Experience to a New Level. Brought to you by Capital Automotive Limited, a member of CDSG

August 2nd, 2018 Yangon, Myanmar 2018 – Ford Motor Company together with Ford Capital Automotive today launched the highly anticipated Ford Ranger Raptor in Myanmar. With Ford Performance DNA at its core, the Ranger Raptor pushes the limits in technology, innovation and driving excitement, setting a new benchmark in off-road capability. The Raptor is priced at $67,995 and available in five enticing colors, including Blue Lightning, True Red, Shadow Black, Artic White and the Ranger Raptor’s unique Hero color, Conquer Grey. “We are thrilled to unleash Ford Performance version of the highly successful Ford Ranger pickup truck to our customers in Myanmar,” said Truong Kim Phong, managing director, Asia Pacific Emerging Markets, Ford Motor Company. “Building on the Ranger’s renowned ‘Built Ford Tough’ character, and Ford Performance DNA, the Ranger Raptor is set to revolutionize the market for pickup truck enthusiasts.” “Ford performance vehicles bring a different type of customers into our showrooms, and the Ranger Raptor will attract new customers looking for a Ranger with immense off-road capability like no other,” said Ngun Zar, Ford Marketing Manager, Capital Automotive. Designed with purpose The Ranger Raptor’s bold and tough exterior boasts Ford Performance DNA with iconic FORD block-letter grille and muscular haunches, while its imposing stance with 283mm of ground clearance and 150mm wider front and rear track shows that this is a serious off-road performance truck. More than just tough looks, Raptor’s distinct design elements are also functional. The front fenders are made from durable composite materials for exciting off-road adventures. The front bumper includes new LED fog lamps with air-curtain ducts, which reduce air resistance. The flared shape of the fenders have been designed to accommodate the long travel suspension and off-road tires. On the inside, the Ranger Raptor is unmistakably all about Ford Performance. The sports seats are uniquely designed and trimmed in Technical Suede for maximum grip, providing optimum support during high-performance off-road driving, or while cruising in town. Other sporting details distinguishing the Raptor include blue stitching and leather accents, as well as the aggressively-styled instrument cluster. The steering wheel features perforated leather hand grip sections, paired with Raptor DNA lightweight magnesium paddle shifters for crisp gear changes. The Raptor logo is debossed into the spoke bezel of the steering wheel and an “On-Centre” marker – a red stripe at the top-middle of the wheel – gives confidence to know where the wheels are pointing. Powerful Bi-Turbo performance The Raptor’s aggressive look is backed up by a new 2.0-liter Bi-Turbo diesel engine that delivers a maximum of 213PS (157kW) of power and 500Nm of torque. This innovative power plant offers both high performance and efficiency, thanks to its combination of small, high pressure turbo and large, low-pressure turbo that work to provide performance when the driver demands it. Additionally, drivers don’t have to worry about whether the Raptor is up to the task of handling the stresses of high performance, as the powertrain has been designed from day one for the most powerful and highest stress applications. This includes running a thermal cycle on the engine, heating both turbos to the point of glowing red for 200 hours non-stop. The high grade alloy turbo housing ensures durability up to 860oC exhaust temperature, while the turbo bearings and low-pressure turbo are being water cooled to reduce temperature and protect the air induction components. Unrivalled efficiency and a tough core The cutting-edge bi-turbo engine has been carefully calibrated with Ford’s latest ten-speed auto transmission technology to deliver more top-end power, more bottom-end torque, improved acceleration, and quicker gear changes. Under the skin, the Ranger Raptor’s unique chassis frame is newly-developed and extensively modified for high speeds and endurance off-road. Built to withstand high-impact off-road encounters, Ranger Raptor’s frame consists of various grades of high-strength low-alloy (HSLA) steel. Take on the Baja Just to further underline its off-road racing credentials, the Ranger Raptor’s Terrain Management System (TMS) includes an exciting Baja (‘baha’) mode, inspired by Mexico’s famous Baja Desert Rally, and enables ultra-responsive, high-speed off-road performance. In this mode, vehicle systems like Traction Control are pared back to allow spirited off-road driving without intervention from the vehicle’s on-board systems. Gear selection is optimized for maximum performance, and the mapping will hold gears longer and downshift more aggressively. Conrol for any terrain   To better handle the crunching jumps and wild rides of off-road pursuits, the Ranger Raptor’s Position Sensitive Damping (PSD) shock absorbers are exclusively manufactured by FOX, designed to provide higher damping forces at full bounce and rebound to enable better off-road capabilities, and lower damping forces in the mid-travel zone for class-leading on-road comfort. The rear suspension has been specifically crafted to tackle tough terrain at high-speed while remaining in complete control and comfort, offering the best of both worlds. Ranger Raptor’s specially developed BF Goodrich All-Terrain 285/70 R17 KO2 tires offer a tough sidewall to navigate all environments with confidence. Its aggressive tread pattern can handle wet, mud, sand and snow conditions. The braking system on the Ranger Raptor offers extreme stopping power through new and bespoke components. The front twin-piston calipers have been increased by 9.5mm in diameter and feature ventilated rotors in an impressive 332 x 32mm size. Also, for the first time on a Ranger, disc brakes at the rear include a brake actuation master cylinder and booster to increase braking performance, as well as ventilated 332 x 24mm rear rotors and a new 54mm caliper. Safety and convenience  The Ranger Raptor is loaded with safety and convenience features that make it suitable for both on and off-road. A host of Driver-Assist Technologies are available at the push of a button, incorporating unique design features tailored for the Ranger Raptor. For instance, the Satellite Navigation System offers a “breadcrumb” feature to leave a trail in uncharted areas – perfect for the serious off-roader, while SYNC3 keeps drivers connected, entertained, and on track. Taking safety as the first priority, Ranger Raptor is equipped with Ford Stability Control, incorporating Roll Mitigation Function utilizing clever sensors to anticipate and minimize oversteer, understeer and rollover incidents. “Everything about the Ranger Raptor builds on the already outstanding sophisticated feel and functional capability of the Ranger, and then goes further. From a driving dynamics and fun standpoint, it is really an exceptionally special truck,” said Damien Ross, chief program engineer, Ford Ranger Raptor. Ranger Raptor Press Release Myanmar_Version Ranger Raptor Press Release English_Version For details, visit: https://ford-myanmar.com/
1 2 3 4
Copyright © 2019. All rights reserved by CDSG.