Businesswoman Olivia Yanson said she sees better prospects for the public transportation sector as the government eases up COVID-19 mobility restrictions.
The Yanson matriarch delivered her statement on February 7, 2022 during the annual stockholders’ meeting of Goldstar Bus Transit Inc. (GBTI), one of the companies under the Yanson Group of Bus Companies. GBTI is plying major routes in Luzon.
Yanson said putting key cities of the country under Alert Level 2 is a good indication that the government is easing people’s mobility to travel for work or leisure to spur economic activities.
“Mobility directly translates into a bigger demand for public transport. This is a big relief to the transport industry,” she said.
During the annual meeting of GBTI, the Yanson matriarch, along with Leo Rey Yanson, Ginnette Dumancas, Collin Derk Isidto, Hernan Omecillo and Danny Lorenton were re-elected as members of the board.
Stockholders Roy Yanson and Ricardo Yanson Jr. were absent despite due notices sent to them, GBTI said in a statement.
Leo Rey said the company is committed to providing the riding public with the most reliable means of public transportation amid the challenges of the pandemic.
A Bacolod City court, in an October 2021 decision, granted Olivia the mandate to oversee and administer the estate of her late husband Ricardo Yanson who co-founded with her in 1968 the Yanson Group of Bus Companies.