The government has taken over the operations of Reolian Public Transport Co, a day after the bus operator filed for bankruptcy because it ran out of money to pay its workers. Reolian blamed its failure on the government’s refusal to increase what the company is paid to run its bus services. The Transport Bureau has seized all of Reolian’s facilities, buses and other equipment for six months. All of Reolian’s staff will keep their positions. The bureau has set up a team headed by its deputy director, Chiang Ngoc Vai, to monitor the company’s operations and evaluate its finances. Only Chief Executive Fernando Chui Sai On can approve such a seizure.
—
