Yanson Group hopes for better prospects for public transport as restrictions ease

Iris Gonzales – The Filipina Star

February 14, 2022 | 00:00

MANILA, Philippines — Bacolod’s Yanson Group sees brighter prospects for the public transportation sector following the government’s decision to ease COVID-related mobility restrictions.

“Mobility translates directly into greater demand for public transport. This is a great relief for the transportation industry,” Yanson said in his message to Goldstar Bus Transit Inc.’s annual shareholder meeting on February 7.

Goldstar Bus is one of the Yanson Group companies, which covers major routes in Luzon.

Yanson said placing key cities across the country under Alert Levels 3 and 2 is a good indication that the government is facilitating the mobility of people to travel for work or leisure to boost economic activities.

At the annual meeting, Yanson, his son Leo Rey Yanson, his daughter Ginnette Dumancas, and Collin executives Derk Isidto, Hernan Omecillo, and Danny Lorenton were re-elected as board members.

Leo Rey said bus conglomerate Yanson is committed to providing the constituency’s public with the most reliable means of public transport in the face of the challenges of the pandemic.

The Yanson family owns the Bacolod-based bus conglomerate billed as the largest bus company in Asia.

However, at present the family is divided over control of the Yanson group of companies. One group is called the Yanson 4 faction, which includes siblings Emily, Roy, Celina, and Ricardo Yanson Jr. The other Yanson faction, Yanson Two, consists of Olivia, Yanson matriarch Olivia, and her son and daughter. daughter Leo and Ginnette.

In October 2021, a Bacolod City Court granted Olivia the mandate to oversee and administer the estate of her late husband Ricardo Yanson who co-founded with Olivia in 1968 the Yanson Group of Bus Companies.

The Yanson 4, however, questioned the court’s decision, appointing Olivia as special administrator.

The husband and wife founded Ceres Bus Lines, which includes Vallacar Transit Inc., Mindanao Star Bus Transport Inc., Bachelor Express Inc., and Ceres Liner Travel and Tours Inc.

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