Grab bags $700m from Mitsubishi UFJ

Japan’s Mitsubishi UFJ Financial Group Inc is investing more than US$700 million in ride-hailing firm Grab. The Japanese financial institution intends to market a range of financial services from insurance to loans to Grab’s users, Bloomberg quoted a source as saying. Grab is also backed by Japan’s SoftBank Group Corp, which has invested more than […]

Heavyweight Bank of Tokyo-Mitsubishi UFJ prepares its Yangon office for opening

The Bank of Tokyo-Mitsubishi UFJ could officially open its branch office as soon as next month, as the firm looks to provide financial services to foreign investors, according to the bank’s chief executive officer for Asia and Oceania, Go Watanabe. “We are excited to open the branch as soon as possible, maybe even next month, […]