BRT Lite Share Sales Re-start

Yangon Public Bus Company – operator of the new Bus Rapid Transit (BRT) Lite bus routes – has started a second round of shares sales, while the government has extended the application deadline for firms interested in rolling out the BRT system city-wide. The government set up Yangon Public Bus Company last year, using a […]

YRTA to Swap Buses for Car Import Slips

Yangon Region Transport Authority Group has devised a scheme that will see bus owners trade their old buses for car import permission slips, which they can then on-sell to car dealers who are currently unable to ship in new cars due to an import ban. The elaborate plan is part of the Yangon Region government’s […]

Water express tender imminent

The Yangon Region government will call a tender before the end of this month for private companies interested in providing river transport services, U Maung Aung, secretary of the Yangon Region Transport Authority (YRTA), said. The regional government’s chief minister U Phyo Min Thein announced atransport reform initiative covering roads, railways and waterways in July. The […]

New car imports on hold until public transport system improved: YRTA

People hoping to have the ban on new car imports to Yangon lifted will have to wait until improvements have been made in public transport, an official from the YRTA has confirmed. New car imports for personal use were suspended in April when the government told township officials to stop issuing recommendation letters, which recognise […]

Yangon bus committee plans PPP transformation to operate new lines

The Yangon Region Bus Control Committee is forming a public-private partnership (PPP) company and has applied to be one of several such firms that will run bus lines as part of an overhaul of the city’s public transportation system, committee chair U Min Zaw told The Myanmar Times. He said the new company will be called […]

Yangon to develop river transport express system

The Yangon Region government is planning to build a river express system for passengers – part of fundamental transport reforms that government officials hope will bring a new wave of industrial goods and commuters onto the country’s waterways. Myanmar is unique in Southeast Asia in boasting waterways – primarily the Ayeyarwady and Chindwin rivers – […]

Govt to offer financial support for Yangon PPP bus lines

Yangon Region government aims to overhaul the city’s chaotic bus lines by allowing companies to form public private partnerships. These new joint ventures will also be allowed to open petrol stations to help them stay profitable, Chief Minister U Phyo Min Thein (NLD) said. The government set up the city’s first public-private joint venture last year to […]

New joint venture to bring order to Yangon bus chaos

The Yangon Region government is forming a new public-private partnership (PPP) company, as part of a city-wide reform of the chaotic public transport system. Bus line owners are eagerly awaiting the overhaul, but want the authorities to provide infrastructure and financial aid to help them manage the shift. The government set up a public-private sector […]

Gold smuggling thrives across Myanmar’s borders

The thriving illegal business in gold across Myanmar’s porous borders is likely to continue unchecked until the government legalises trade of the raw material, said traders and industry sources. Industry bodies have asked the Ministry of Commerce to strike the precious metal from its list of restricted goods, saying this would boost government coffers and […]

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 […]