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2025-06-09 04:44:59 -

TechMerger, SoutheastAsiaEconomy, RideHailing, DigitalTransformation, RegulatoryChallenges,
Singapore’s state investment firm Temasek Holdings has announced that former minister Teo Chee Hean will join its Board of Directors as Deputy Chairman on July 1, and succeed Lim Boon Heng, to become its fifth Chairman, on October 9, after the conclusion of its third-quarter board meeting this year. The firm said in a statement on Friday that as part of its board renewal process, Cheng...

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2025-07-31 13:26:39 -

Grab achieves $20M profit in the second quarter amid higher revenue
Southeast Asia’s superapp Grab announced Thursday that it has achieved a profit of $20 million in the second quarter of FY2025 amid higher revenue. Grab said in a statement that its revenue grew 23 percent year-over-year, or 19 percent on a constant currency basis, with year on year growth accelerating from the prior quarter, to $819 million in the second quarter of 2025, driven by...

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2025-06-09 04:43:18 -

Indonesia’s wealth fund Danantara weighs role in $7B Grab-GoTo deal
Indonesia’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...

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