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Vietnamese ride-hailing FastGo launched in Myanmar

FastGo Vietnam on December 28 launched its service in Myanmar, becoming the first Vietnamese firm in the ride-hailing sector to expand its operations to foreign markets. FastGo plans to introduce its services in big cities in Myanmar in 2019, with 2 million users and 100,000 drivers. In addition, it would continue to invest and call […]

Bus Drivers, Conductors Protest Loss of Jobs at YBS

Nearly 200 bus conductors and bus drivers marched in Shwe Pyi Thar township on Thursday to protest against a plan to eliminate conductors’ jobs by the Yangon Bus Service. The Yangon Region Transport Authority had ruled that all YBS buses must install cash boxes by July 20 to replace fare collections by bus conductors starting […]

Yangon takes legal action against nearly 30,000 vehicles

The Yangon region government took legal action against nearly 30,000 vehicles which are parked on public roads for long periods, it is learnt. As the number of cars in Yangon increased and parking became scarce, there were many quarrels over parking. Some companies and shops are taking up many of the parking spots on public […]

Rangoon Taxis Need Reform

Rangoon has around 70,000 taxis plying the city’s streets, many owned and run by individuals. There are two local pioneering app-based cab service providers—Hello Cabs and Oway Ride—cultivating a culture in which apps are used to hail taxis in the city since 2016. The two are now set to compete with foreign brands: Singapore-based firm […]

China’s climate aid flows into Myanmar

Than Bayar Khon village sits nested in the foothills of the Bago Yoma forest in central Myanmar. The low mountains, once heavily forested with teak and valuable tropical timbers, are now rapidly balding. Despite being only a few kilometres from the major highway connecting the port city of Yangon with the capital Naypyidaw, the three […]

Uber and Grab are bringing Southeast Asia’s taxi on-demand war to Myanmar

Southeast Asia’s ridesharing war is spreading to a new frontier after rivals Grab and Uber revealed plans to expand into Myanmar, the country formerly known as Burma. Singapore-based Grab announced its launch in the country today, its first new market expansion in nearly three years, to take it to seven markets… but its U.S. rival […]

Internet ventures blooming in Myanmar

Internet startups offering such services as car-hailing and payments are attracting many consumers in this booming economy, and the sector is expected to evolve further with a smartphone boom and improving infrastructure. In the largest Myanmar city of Yangon, where traffic volume is shooting up, taxis carrying the logo of “Oway Ride” are a growing […]

Myanmar Wants to Modernize Its Banking System

Myanmar is embarking on the first comprehensive audit of state-owned banks in decades, part of a push to modernize the financial system and tackle risks to the nation’s rapid economic growth. The World Bank is working with Aung San Suu Kyi’s government on the project and the results will help to clarify options for restructuring […]

Yangon set to launch card payment system for public transport

For the convenience of nearly 3 million commuters who use public transport on a daily basis, an international payment system will be launched in Myanmar’s commercial hub in the last week of April, Yangon Region Chief Minister Phyo Min Thein said on Friday. “We will launch YPS [Yangon Payment System] by April. We will make […]