Pilot Yangon bus upgrade to be funded through share sale

The company, which was set up with K10 billion from the government and K2.5 million from five private companies, will begin selling shares on November 3, said U Maung Aung, chair of the BRT lite establishment committee, at an investor education event on October 30. He said the company plans to sell 1000 shares at […]

Five firms selected for bus import plan

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. […]