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Company of Former Myanmar Dictator’s Grandson Among 4 Sued for Unpaid Loans

YANGON—AYA Bank, one of the largest private banks in Myanmar, has sued four companies— including one owned by a grandson of late military dictator Gen. Ne Win—for unpaid loans, according to the Yangon Region High Court. The bank has sued Omni Focus Co, owned by U Ne Win’s grandson U Kyaw Ne Win, along with […]

‘Moving Yangon Forward’ towards a better transport system

The question of transportation in Yangon was at the forefront of an event last week. The Moving Yangon Forward: The Urban Mobility Forum held at a hotel in Yangon on February 20 discussed how mobility and transportation in Yangon can be improved to make the city a more inclusive for all. The forum saw the […]

KOTRA: 200 buses to be exported to Myanmar

Two hundred South Korean-made buses will be exported to Yangon, the former capital and the largest city of Myanmar, for use by schools, South Korea’s trade promotion agency said Monday. According to the Korea Trade-Investment Promotion Agency (KOTRA), the 29-seat New County buses, manufactured by South Korea’s top automaker Hyundai Motor Co., will be shipped […]

Water taxi scheme details to be announced next week

The firm will announce the details of its implementation, said a spokesperson from Tint Tint Myanmar. In order to upgrade Yangon’s public transport system, the regional government has planned to upgrade the circular train and water taxi services alongside bus transport, according to Yangon chief minister U Phyo Min Thein on July 2016. The Yangon […]

Myanmar’s stabs at reform test public’s patience

Myanmar’s year-old government has drawn stiff pushback from its sudden cuts to a national holiday and crackdown on unlicensed buses, burning up goodwill won with the promise of change. The government said last month that the public holiday period for the Thingyan water festival marking the new year would be shortened to five days from […]

Myanmar to buy over 1,000 buses from China to reinforce transport strength

Myanmar’s Yangon regional government had entered a contract with Chinese Yutong company for buying over 1,000 buses to supply Yangon Bus Services System, official media reported Saturday. The buses will arrive next month and run on Yangon Bus line, an official of Yangon Region Transport Authority was quoted as saying. Yangon Region Chief Minister U […]

Yangon set to launch card payment system for public transport

For the convenience of nearly 3 million commuters who use public transport on a daily basis, an international payment system will be launched in Myanmar’s commercial hub in the last week of April, Yangon Region Chief Minister Phyo Min Thein said on Friday. “We will launch YPS [Yangon Payment System] by April. We will make […]

New bus system suffers first-day jitters

A new public bus system that reduced and coordinated the number of bus lines from more than 300 to 70 launched in Yangon yesterday, easing traffic congestion but causing some chaos among confused passengers. The first day of the new system saw fewer buses than expected, though more than 3,700 buses were expected to operate […]

Yangon rail system to get upgrade

Tourists visiting Myanmar’s largest city, Yangon, could lose one of the star attractions of the former capital after the railway that encircles the city is upgraded with the help of Japanese investment. While the responsibility for upgrading the 46 km (28.5 miles) of track that makes up the Yangon Circular Railway rests with Myanmar Railways, […]