Korean company invests in bus line

A South Korean company is to link up with local businesses to start up a bus line in downtown Mandalay. U Aung Ye Htut, director of Myanmar Gaon, said the Korean Namsong company would provide the service.

In April, the Mandalay Region transportation minister agreed in principle to run a bus line in downtown Mandalay, he said.

It has not yet been decided how many buses will run, and along what routes. The frequency of the buses would depend on demand, he said.

However, U Aung Ye Htut said, “there will be plenty of buses.”

Myanmar Gaon Company – a conglomerate of Mandalay businesses and Namsong – will be based in Mandalay. The company will also operate car showrooms and sell spare parts as well as running a public transport system, said U Aung Ye Htut.

“We are going to start the business in July. If the bus line proves a success, it could reduce the number of motorcycles on the roads,” he said.

Myanmar’s second-largest city currently has 850 registered buses across 59 lines, but residents rely less on buses than their counterparts in Yangon due to the prevalence of motorcycles and bicycles in the city.

Motorcycles have been banned in Yangon’s urban area since the early 2000s, though they are the ride of choice for many in the rest of the country.

Source: Myanmar Times

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Dagon City", “MOGE”, “yangon stock exchange”,"MECTEL", "hydropower", etc.

To learn about the business opportunities in Myanmar click here

To evaluate the various segments of the market that you could possibly enter base on your competencies you can do a Custom Market Entry Strategy Research. You can see a sample report at page "Actual Sample of Client Report”. Click here to go to page.

Do you know that IE Singapore is giving up to SGD 20,000 support for Singapore company to venture into Myanmar? To learn more click here

If you are interested to be listed in our Service Provider Directory as a supplier of services or products that we can use to match with the needs of our clients in Myanmar please fill up the online form by clicking here