Mandalay – The long-awaited bus service to cross the India-Myanmar border through India’s northeastern state of Manipur is set to operate from April. The 579-km service between Mandalay and Imphal, the capital of Manipur, will be the first bus link after 17 years of planning and government talks as part of India’s Look East policy. […]
Shareholders ask bus company to buy back shares
December 9, 2019 by
Some 200 shareholders of bus service operator Yangon Urban Public Transportation Company (YUPT) are calling on the Yangon Region government to buy over their shares in the company. This comes after a shareholder uprising over the company’s lack of profit and leadership selection disrupted YUPT’s annual general meeting in late October. Last weekend, YUPT began […]
Company of Former Myanmar Dictator’s Grandson Among 4 Sued for Unpaid Loans
September 18, 2019 by
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 […]
KOTRA: 200 buses to be exported to Myanmar
May 25, 2017 by
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 […]
With Myanmar launch, Uber treads softly instead of barging in
May 12, 2017 by
Uber today announced its entry into Myanmar, launching its UberX service in Yangon. The ride-hailing giant has been testing its app for the past couple of weeks in Myanmar’s largest city, and now it’s ready to go with “a few hundred drivers,” according to the company. However, there’s one key difference to how Uber is […]
Myanmar’s stabs at reform test public’s patience
April 25, 2017 by
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 […]
