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Grab gets license to operate taxis in SingaporeSoutheast Asia’s superapp Grab has obtained the Land Transport Authority (LTA) license to operate taxis in Singapore. LTA said in a statement on Wednesday that it has awarded a street-hail service operator license (SSOL) to GrabCab Pte Ltd (GrabCab), a subsidiary of Grab Rentals Pte Ltd, and sister company of GrabCar Pte Ltd, which holds a ride-hail service operator license (RSOL) and a...0 Σχόλια 0 Μοιράστηκε 4χλμ. Views 0 Προεπισκόπηση
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Grab Malaysia signs MoU with government agency MDEC to drive digitalization of MSMEsGrab Malaysia said Wednesday that it will collaborate with the Malaysia Digital Economy Corporation (MDEC) through this Memorandum of Understanding (MoU), as part of MDEC’s Business Digitalization Initiative to empower the digitalization of micro, small, and medium enterprises (MSMEs) in Malaysia. Grab Malaysia said it recognises the government’s holistic approach to fostering...0 Σχόλια 0 Μοιράστηκε 4χλμ. Views 0 Προεπισκόπηση
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Grab prices upsized $1.5B convertible notes offeringGrab Holdings Limited announced Wednesday the pricing of an upsized offering of $1.5 billion aggregate principal amount of zero coupon convertible senior notes due 2030. The firm said in a statement that offering was upsized from the previously announced offering of $1.25 billion aggregate principal amount of convertible senior notes due 2030. Grab intends to use the net proceeds from the...0 Σχόλια 0 Μοιράστηκε 377 Views 0 Προεπισκόπηση
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Grab raises full year earnings forecast as it announces 1Q resultsSoutheast Asia’s super app Grab Holdings Ltd announced Wednesday it is raising the company’s full year adjusted earnings before interest, taxes, depreciation, and amortisation (EBIDA) after the Singapore-headquartered company achieved another quarter of record revenues. “We continued to drive profitable growth across the business, with Grab achieving another quarter of...0 Σχόλια 0 Μοιράστηκε 3χλμ. Views 0 Προεπισκόπηση
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GXBank and Grab Malaysia announce eight local startups shortlisted to drive innovation for Malaysia’s fintech ecosystemGXBank and Grab Malaysia have recently announced the inaugural top eight fintech startups shortlisted to be part of the six-month long TeXnovasi Accelerator Program. Supported by Cradle Fund and 1337 Ventures, TeXnovasi aims to empower Malaysia’s fintech startups through mentorship and resources towards building a tech-driven, financially empowered nation, and position Malaysia as a key...0 Σχόλια 0 Μοιράστηκε 6χλμ. Views 0 Προεπισκόπηση
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Indonesia’s wealth fund Danantara weighs role in $7B Grab-GoTo dealIndonesia’s sovereign wealth fund Danantara is considering a role in Grab Holdings Ltd’s planned $7 billion acquisition of GoTo Group, potentially allowing the country’s government to own a slice of an Asian internet powerhouse, Bloomberg reported on Friday. Danantara has started preliminary discussions with GoTo to acquire a minority stake in a combined entity, according to...0 Σχόλια 0 Μοιράστηκε 696 Views 0 Προεπισκόπηση
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Maybank foresees positive synergy from potential Grab-Gojek mergerMaybank Investment Bank said Thursday that the potential merger deal between Grab and Gojek could lead to annual synergies of $106 million to $209 million and as such would be positive. The research house said in a note that synergies may stem from operational efficiency gains from better driver utilization, and reducing incentives and fixed costs (cloud, marketing). “Improved...0 Σχόλια 0 Μοιράστηκε 6χλμ. Views 0 Προεπισκόπηση
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Maybank positive on Grab after management lifts its guidanceMaybank Investment Bank said on Thursday that it was positively surprised by the lift in Grab’s guidance as tariff uncertainty has raised the risk of macro and forex volatility. The research house said in a note that Grab raised its adjusted earnings before Interest, taxes, depreciation, and amortization (EBITDA) guidance from $440 million to $470 million to $460 million to $480 million....0 Σχόλια 0 Μοιράστηκε 2χλμ. Views 0 Προεπισκόπηση
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Maybank sees acquisition of Gojek to be the most favorable scenario for GrabWhile there have been numerous media reports in the past weeks of a potential merger between Grab and GoTo, Maybank Investment Bank opined that acquisition of Gojek would be the most favorable scenario for Grab, leading to maximum synergies while preserving balance sheet strength. The research house said in a note on Thursday that if Grab acquires Gojek, it sees synergy net present value (NPV)...0 Σχόλια 0 Μοιράστηκε 5χλμ. Views 0 Προεπισκόπηση
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Maybank sees Grab-Gojek potential merge faces regulator risk in SingaporeWhile there have been numerous media reports of a potential merger betweenGrab and GoTo, analyst has seen a real risk of the regulator objecting to a Grab-Gojek merger in Singapore. Maybank Investment Bank said in a note on Thursday that In Singapore, GoTo only has Gojek, ie, ride hailing, and in the recent past, the regulator rejected the proposed acquisition of Transcab by Grab. Recently in...0 Σχόλια 0 Μοιράστηκε 2χλμ. Views 0 Προεπισκόπηση
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Singapore’s Grab plans big convertible bond, fuelling hopes about GoTo dealSingapore-headquartered super app Grab Holdings Ltd announced plans for a $1.25 billion sale of bonds convertible into stock, fuelling speculation it’s bulking up its war chest to take over rival Southeast Asian delivery-and-transport provider GoTo Group, Bloomberg reported on Tuesday. Grab said it will issue convertible bonds that mature in June 2030, partly to fund potential...0 Σχόλια 0 Μοιράστηκε 1χλμ. Views 0 Προεπισκόπηση
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