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13 days ago -

Grab gets license to operate taxis in Singapore
Southeast 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...

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16 days ago -

Grab Malaysia signs MoU with government agency MDEC to drive digitalization of MSMEs
Grab 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...

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a month ago -

GXBank and Grab Malaysia announce eight local startups shortlisted to drive innovation for Malaysia’s fintech ecosystem
GXBank 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...

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2 months ago -

Maybank foresees positive synergy from potential Grab-Gojek merger
Maybank 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...

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13 days ago -

Maybank sees acquisition of Gojek to be the most favorable scenario for Grab
While 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)...

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8 days ago -

Singapore’s superapp Grab launches new innovations powered by AI on inaugural GrabX product showcase
Singapore-headquartered super app Grab has unveiled a new lineup of innovations powered by AI at the company’s inaugural GrabX product showcase. “Our landmark rollout of our latest products and features marks a shift in the way Grab seeks to serve your everyday needs. We’ve dived deeper into what matters to you on a daily basis. We’ve created new ways for you to...

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