Concerns from multiple parties emerge following Grab, Uber merger

Concerns are mounting from multiple parties after Grab, the taxi ride hailing company, officially announced the acquisition of rival Uber’s Southeast Asia operations on Monday. ‘‘We have reached an agreement to combine our business in Southeast Asia with Grab. In exchange, Uber will take up a 27.5 percent stake in the combined company. After investing […]

Grab Officially Takes Control Of Uber’s Southeast Asia Operations

Grab announced today that it will acquire all of Uber’s Southeast Asia assets, confirming rumors that have been floating around the highly competitive ride-hailing market. Grab gains control over all Uber’s assets and operations in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, including UberEats, which the company plans to leverage to expand […]

Uber just sent out message to all subscribers in Asia to download Grab apps by 8 April 2018

Is this the end of Uber as we know it in South-East Asia? Isn’t Grab going to maintain a dual brand strategy?   As you already know Uber has decided to sell its business in South-East Asia to Grab. We have received an email from Uber via an email at 11.19 am 26/3/2018 (Myanmar Time) […]

Yoma to upgrade taxis, offer vehicle financing for Grab drivers in Myanmar

YOMA Strategic Holdings has signed an agreement with ride-hailing service Grab, which will see the mainboard-listed company upgrading the fleet of taxis in Myanmar, and providing vehicle financing for Grab’s drivers in the country. The partnership with Yoma will support Grab’s recently launched services, GrabTaxi Plus and Grab for Business services, as GrabTaxi drivers use […]

Grab dismisses Vietnam’s plan to treat it like taxi company as ‘major setback’

The popular ride-hailing app said new regulations considered by the Ministry of Transport would have ‘grave consequences.’ Ride-hailing company Grab expressed frustration at Vietnam’s announcement to impose greater control over its operations on Friday, another development in the prolonged tension between Grab and traditional transport firms in the country. Minister of Transport Nguyen Van The […]

Myanmar: Asia’s Final Frontier Car Market

Earlier this month I spent four days in Myanmar, the proud and reclusive nation of 52 million sandwiched between India, China and Thailand. My purpose: Work with officials in the Myanmar government to develop plans for a competitive auto industry. The timing could not be better: Fast-emerging and increasingly affordable EV and autonomous vehicle technologies […]

Grab makes takeover bid for Uber’s Southeast Asia operations, including Vietnam: reports

Uber has been unable to turn a profit in Asian markets, making it a prime target for rivals. Southeast Asian ride-hailing firm Grab has been in talks with rival Uber to acquire its regional operations in a bid to tighten its grip on the rapidly growing shared transportation sector, Kr-Asia quoted people familiar with the […]

Yangon Taxi: A ride of terror for single women at night

Passengers and taxi drivers have everything to gain from stricter rules. It was late at night. She argued about the taxi fare – as we all do. After the ride, the driver raised the price – as they often do. But this time things took a nasty turn. The passenger, a young girl, refused to […]

Myanmar’s mobile money services poised for expansion

THE rapid increase in the ranks of smartphone users in Myanmar is providing opportunities for the marketing of mobile money services in the country, a forum has heard. Stephen Swan, head of product and digital at Wave Money Myanmar, which provides the nation’s leading mobile wallet, said mobile penetration rates in Myanmar had exceeded all […]

Vietnamese taxi company sues Grab for unfair business practices

HCM CITY — HCM City People’s Court commenced trial looking into the suit initiated by the local domestic taxi operator Vinasun against the popular ride hailing service, Grab, on accusations of unfair business practices. Vinasun, once a dominant player in taxi transport in the southern region, has seen its market share gradually eaten away by […]