(Reuters file photo)SINGAPORE - Grab, Southeast Asia’s biggest ride-hailing app, plans to invest US$100 million in Myanmar as it extends its battle with Uber Technologies Inc to capture exploding use of smartphones. Since its debut in Yangon in March, Grab has grown to reach 25,000 bookings a day with more than 6,000 drivers. After the launch of telecommunications services by Norway’s Telenor ASA and Qatar’s Ooredoo QSC, though, almost everyone in Myanmar is connected now. The US company began its Yangon service in May. Singapore-based Grab plans to introduce a corporate travel service in Myanmar, enabling companies to manage employees’ local and regional transport expenses digitally, according to Mr Maa.

Source: Bangkok Post August 25, 2017 03:56 UTC