FastGo to launch in Indonesia and Myanmar

Vietnamese ride-hailing service, FastGo has announced it will launch its service in Indonesia ad Myanmar – its two first international markets – by the end of this year. FastGo CEO Nguyễn Hữu Tuất told Việt Nam News that it expected to occupy a 30 per cent market share in Indonesia and take second place after […]

Grab cashes up for a bigger taxi fight

GRAB is arming itself for a long fight. The ride-hailing firm won one big battle earlier this year when it pushed US giant Uber out of South-east Asia. Much of its latest US$1 billion funding round will be spent in Indonesia, where the Singapore-based group is up against homegrown rival Go-Jek. That country is where […]

Myanmar’s Waiting for the Western Investment That Never Came

Among business leaders in Myanmar, would-be investment from the U.S. and Europe is known by the wry acronym NATO. “No Action, Talk Only,” Sean Turnell, special economic consultant to Myanmar’s leader Aung San Suu Kyi, said in an interview, underscoring the country’s history of missed opportunities and unfulfilled potential. As Southeast Asia’s fastest-growing economy began […]

Govt to issue new licenses for commercial vehicles

The government will install a new vehicle licensing system under which a new domestic operator license will be issued to firms or individuals who own and operate vehicles for commercial purposes. The new system, which will take effect in January 2019, differs from the current practice of issuing a license per vehicle, said U Soe […]

Grab on fast track to growth in Myanmar

Grab, a leading ridehailing service provider in Southeast Asia, is making plans to continue as the market leader in Myanmar with its new offerings for passengers and driver-partners, according to Alvin Loh, the firm’s acting country manager for Myanmar. Loh said in an interview that more and more passengers are enjoying ridehailing services operated by […]

CB Bank successfully adapting to meet the needs of a new generation

Economic liberalisation came relatively late to Myanmar, but the country has been working hard to make up for its slow start. Following a military coup in 1962, the country was governed by an oppressive dictatorship and subsequently experienced the ignominy of being rated one of the least developed and most corrupt nations in the world. […]

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 […]