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Grab to invest $100 million in Myanmar over three years

Consolidating itself as dominant ride-hailing app in Southeast Asia

Grab's CEO Anthony Tan speaks during Grab's fifth anniversary news conference in Singapore on June 6.   © Reuters

SINGAPORE -- Grab, Southeast Asia's largest ride-hailing company, plans to invest $100 million in Myanmar over the next three years as it expands regionally against main rival Uber from the U.S.

The company plans to work with local governments to launch ride-hailing services beyond Yangon, Myanmar's commercial capital, where it rolled out services in March. It is adding drivers and riders to a 24/7 call center, and plans to make GrabPay available soon to passengers

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