SUBSCRIBERS
Grab to invest US$100m in Myanmar
Published Fri, Aug 25, 2017 · 09:50 PM
Singapore
GRAB, South-east Asia's biggest ride-hailing app, plans to invest US$100 million in Myanmar as it extends its battle with Uber Technologies to capture exploding use of smartphones.
Grab will invest the money over the next three years and work with local governments to expand ride-hailing to more cities and roll out services such as its in-app digital payment feature GrabPay, president Ming Maa said.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Porsche posts Q1 profit drop on ramp-up costs
IBM plots US$730 million expansion of Canadian semiconductor site
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly