Shares of 55 companies can soon be traded locally

55 public companies which were given the green light to sell shares in the local over-the-counter (OTC) market must receive official permission from the Securities and Exchange Commission of Myanmar (SECM) first, U Htay Chun, member of the commission, told The Myanmar Times. The announcement comes a day after the Directorate of Investment and Company […]

Suu Kyi’s man in Yangon under fire over transit deal with China

Aung San Suu Kyi’s first major infrastructure project could hardly be more visible – hundreds of new yellow buses now plying the streets of Yangon in what her ruling party hopes will be a potent symbol of how it is transforming peoples’ lives. But two deals to import 2,000 buses from China estimated at more […]

New buses will run 20 routes

New Chinese buses bought by Yangon regional government will run on 20 bus routes operated by the Yangon Urban Public Transport Company (YUPT), according to Dr Maung Aung, secretary of the Yangon Region Transport Authority. “The new buses will be added mostly at bus routes operated by the YUPT. We will add some buses to […]

No Profits or Share Dividends for YBPC Yet

​​ YANGON Bus Public Company (YBPC) has not received any profits after running for a year and hence the firm cannot pay dividends to its shareholders, according to Yangon Bus Public Company chair U Maung Aung. The YBPC was registered under the Ministry of National Planning and Economic Development and has been permitted to operate […]

Bidding to be Opened Soon on Bus Supply for BRT Lite

Subscribe to our tender alert mailing list The Yangon Bus Public Company is reportedly planning to buy 100 more buses in BRT (bus rapid transport system) and tenders will be invited in the third week of November. The buses have to be made in Korea and slated to arrive in December. The invitation to tender […]

Yangon bus bosses fear slow reform

Moves to reduce the number of bus routes in Yangon will take time, according to Ba Myint, secretary of the regional bus control committee, on July 6. There are 4,500 or 4,800 buses in Yangon. There was no research about the number of buses which were surplus or not needed, he said. “We met Dr […]

Upgrading the Rangoon Commute: Bus Rapid Transport

RANGOON – Two young women with metal milk cans run for the Bus Rapid Transport (BRT) after hurriedly arriving at downtown Rangoon’s Lanmadaw Township station; the BRT bus had arrived minutes earlier and was pulling away from the stop. The driver gestures for them to proceed, where he waits. At peak hour, commuting to and […]