ASEAN KEY DESTINATIONS
Gov’t mulls revenue system for public transport companies
Brunei:A SYSTEM of revenue management where public transport companies will have to re-invest profits into the transportation sector is being considered by the Ministry of Communications.
In an interview with local media, the Minister of Communications, Yang Berhormat Dato Paduka Hj Mustappa Hj Sirat, explained that they are looking at bus operators to work closely with them to improve the sector.
One area of issue in the public transport sector is an imbalance in services, the minister said.
“There are areas which are profitable and areas which are not. So in order to enhance the market, we need to make sure there is a level playing field for everyone to participate”.
He said that this meant that the government will need to take a central role and establish regulations and revenue management so that it would be able to introduce similar services in profitable areas to ones which are not, and hope that over time, these areas will be able to develop into stronger markets.
“We will be looking at a business model where it is not entirely free for one company to maximise their profits,” he said. “The profits which they get must be plowed back into the transportation sector so that the industry can expand,” he said.
In a speech yesterday during Civil Aviation Day, YB Dato Hj Mustappa outlined that efficient, reliable and affordable communication and transportation is important in building the nation’s economy.
A strong communication and transportation sector strengthens the economic resilience and competitiveness, he said. It also expands the business opportunities and investments, overall creating a larger ‘economic space’ in the country.
Given its importance, the minister said that the government will continue to focus on improving transport and communication services as “Public Goods”, in particular civil aviation, public transport such as taxis and buses, shipping, postal services , telecommunications and ‘cyber’.
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