Myanmar’s Oway Group to close eight-digit funding round

Myanmar’s leading travel booking and ride-hailing service provider Oway Group said it is currently in discussions with potential investors to close an eight-digit funding round in October. As part of the round, IFC has made an equity investment worth US$2 million in the startup in early 2017, marking the World Bank arm’s first investment in […]

Motorcycle repair shops dodge Yangon ban

More disconcerting, though, is the traffic. Motorcycles are outlawed from Yangon’s urban townships, markedly changing the manner of traffic in the city from the rest of Myanmar, and most of Southeast Asia. Yet there are a few motorbikes to be seen. Many are used for law enforcement, while some are driven outside the rules. To […]