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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 Commentaires 0 Parts 4KB Vue 0 Aperçu
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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 Commentaires 0 Parts 710 Vue 0 Aperçu
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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 Commentaires 0 Parts 6KB Vue 0 Aperçu
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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 Commentaires 0 Parts 5KB Vue 0 Aperçu
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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 Commentaires 0 Parts 2KB Vue 0 Aperçu
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Maybank sees stable-to-improving competition in the mobility segment in Indonesia and SingaporeMaybank Investment Bank said Wednesday that it sees stable-to-improving competition in the mobility segment in Indonesia and Singapore. The research house said in a note that its on-demand-service (ODS) pricing tracker in Indonesia and Singapore reflects stable-to-rising prices while competition remains rational. According to Maybank, Grab’s affordability strategy is gaining traction,...0 Commentaires 0 Parts 2KB Vue 0 Aperçu
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