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At least five more years needed for Myanmar to go cashless

Myanmar’s cash dependent economy has become a burden on the government’s coffers in recent years and a widespread adoption of an electronic payment system in the country is needed. Yet, experts say it could take a minimum of five more years for society to go cashless. “It costs the government money to print cash and […]

Acer, Excel Myanmar to Bring Cashless Fares to Yangon Bus System

YANGON — Nearly a month behind schedule, an ad hoc assessment board convened by the Yangon Region government has named Excel KC Myanmar the winner of a contract to implement a cashless payment system for the city’s public bus commuters. The regional government solicited bids in late August for the card payment platform, the Yangon […]

Yangon government takes first move to bring Reuters to court

The Yangon government has filed a complaint against international news agency Reuters before the Myanmar Press Council over a report about the alleged lack of transparency in the procurement of buses, a senior member of the council said Tuesday. The Yangon government’s move was the first step in hauling Reuters to court, according to legal […]

Uber, Grab do things a little differently in Yangon

Uber Technologies and Grab, two of the biggest names in the ride-hailing business, are rapidly expanding in Myanmar’s largest city, where the spread of smartphones is unlocking big opportunities. Yangon’s authorities appear to have rolled out the welcome mat for them, viewing the services as a way to improve the city’s underdeveloped transport infrastructure. Going […]

Transport Experts Encourage Myanmar to Adopt PPP model

AS Myanmar and its cities are developing the transport infrastructure, experts have advocated the adoption of the public-private partnership (PPP) model to speed up the development, according to a transport conference last week. International law firm Baker McKenzie, in collaboration with the British Chamber of Commerce Myanmar, hosted the conference “Myanmar: Moving Ahead Perspectives on Developing Transportation Infrastructure” […]

Three-Fourths of Old YBS Buses Will Be Replaced With New Ones Within Four Months

Yangon Region Transport Authority (YRTA) Secretary Dr.Maung Aung told Mizzima that three fourths of all Yangon Bus System (YBS) city buses would be replaced by new ones within four months. “By the end of May this year, about three fourths of these YBS buses will be new buses though not yet all,” he said. Currently […]

YBS Reform in the Pipeline

​​ One month after the Yangon Bus System started, the Yangon chief minister warned bus owners and drivers that they must follow the instructions of the government. Those who violate the rules would be eased out, said U Phyo Min Thein on February 17. The YBS, a new public transport system, commenced on January 16 […]