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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 […]

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. […]

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) […]

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 […]

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 […]

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 […]

Concerned with personal safety, passengers opt for taxi service operators

More commuters opt for taxi service operators such as Grab and Uber in order to avoid the perceived risks associated with ordinary taxis. It is believed that the ride-hailing apps provide better safety and security for passengers. Meanwhile, some taxi drivers are anxious about their jobs as the industry is suffering from a vote of […]

Uber’s Yangon strategy stumbles, competitors push ahead

Complaints about Uber in Yangon are mounting even as officials of the company insist that it continues to improve its ride-hailing service for both drivers and passengers. US-based Uber first began operating in Yangon last May, joining local taxi operators Oway Ride and Hello Cabs. Months later, Singapore-based Grab, also launched its ride-hailing service in […]

Return of shared taxi service to heat up Yangon market

The Yangon Regional Government is planning to allow the return of shared taxi services between the outskirts and Sule Pagoda in downtown Yangon, said Daw Nilar Kyaw, Minister of Electricity, Industry, Transport and Communication. The move comes amid rising demand and is likely to introduce more competition in the Yangon taxi market. It is also […]

CB Bank Leads Myanmar’s Drive for Digitalisation

After years of isolation, Myanmar opened up to the global economy in 2010, and its banking sector sprung to life. Consequently, foreign direct investments started to flow, particularly towards the telecommunications sector. Myanmar’s mobile phone penetration, once at one of the lowest levels in the world, has grown to 90 percent in recent years, with […]