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Grab to launch three new ride-hailing services in Myanmar this year

Southeast Asia’s ride-hailing giant Grab has announced plans to introduce three new ride-hailing services in Myanmar this year after posting “substantial growth” in the local market in 2018, according to a company announcement. Grab Myanmar acting country manager Alvin Loh revealed that the company will focus on expanding three new ride-hailing services in the capital […]

‘Moving Yangon Forward’ towards a better transport system

The question of transportation in Yangon was at the forefront of an event last week. The Moving Yangon Forward: The Urban Mobility Forum held at a hotel in Yangon on February 20 discussed how mobility and transportation in Yangon can be improved to make the city a more inclusive for all. The forum saw the […]

Howa unveils taxi-booking app to challenge Grab, Line

Howa International Co, the operator of Taxi Radio and Suvarnabhumi Taxi Cooperative, has invested 20 million baht to unveil the HaHa taxi-booking mobile app and digital meter terminal (DMT) to compete with rivals Grab and Line. Over the next 30 days, the Land Transportation Department is expected to announce a new regulation to let taxi […]

GrabPay sets sights on Cambodia and Myanmar

Southeast Asia’s largest ride-hailing group plans to take its mobile payments service into Cambodia and Myanmar as it expands its range of businesses throughout ASEAN countries, according to a senior executive. Reuben Lai, senior managing director of the Singapore-based company’s financial arm, identified the two countries as next on the list. Grab’s ride-hailing app is […]

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. […]