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Grab announces leadership appointments in Singapore and VietnamGrab, Southeast Asia’s superapp, announced Monday leadership appointments in Singapore and Vietnam, effective July 1, 2025. Grab said in a statement that Alejandro Osorio who currently leads Grab Vietnam, has been appointed as Managing Director of Grab Singapore. Meanwhile, Ma Tuan Trong, presently the Country Commercial Head in Vietnam, will assume the role of Managing Director of Grab...0 Commenti 0 condivisioni 7K Views 0 Anteprima
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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 Commenti 0 condivisioni 7K Views 0 Anteprima
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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 Commenti 0 condivisioni 8K Views 0 Anteprima
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Grab Malaysia urges balanced, flexible rules in upcoming Gig Workers BillGrab Malaysia has called for a balanced, flexible rules in upcoming Gig Workers Bill in Malaysia. The firm said in a statement on Thursday that in line with previous feedback shared alongside industry players, it believes that the bill should be underpinned by three essential principles: flexibility, balance, innovation and collaboration. According to the statement, Grab supports regulations...0 Commenti 0 condivisioni 838 Views 0 Anteprima
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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 Commenti 0 condivisioni 4K Views 0 Anteprima
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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 Commenti 0 condivisioni 7K Views 0 Anteprima
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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 Commenti 0 condivisioni 10K Views 0 Anteprima
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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 Commenti 0 condivisioni 4K Views 0 Anteprima
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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 Commenti 0 condivisioni 9K Views 0 Anteprima
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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 Commenti 0 condivisioni 6K Views 0 Anteprima
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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 Commenti 0 condivisioni 8K Views 0 Anteprima
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WeRide secures strategic equity investment from Grab, partners to deploy robotaxis, autonomous shuttles in SEAWeRide, a China-based autonomous driving technology firm, announced last Friday that Grab, Southeast Asia’s leading superapp, has committed to a strategic equity investment in WeRide. The duo said in a statement that the investment is part of a strategic partnership between both companies to accelerate the deployment and commercialization of Level 4 Robotaxis and shuttles in Southeast...0 Commenti 0 condivisioni 1K Views 0 Anteprima
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