Topic
191 stories in this topic
Grab is stepping into the spotlight with plans to acquire GoTo, Indonesia’s dynamic tech giant, in a deal tantalizingly pegged around $7 billion. According to sources, the Singaporean-based company has enlisted advisors to navigate the intricacies of this…
Ride-hailing Grab is acquiring Malaysian supermarket chain Everrise as part of its ongoing efforts to grow its grocery business in a vital market. The company is purchasing the supermarkets from Navis Capital Partners but has not revealed the deal’s value, it…
Ride-hailing operators Grab, Gojek, TADA and CDG Zig in Singapore will hike their platform fees by up to 50 Singapore cents (37 U.S. cents) starting Jan. 1, 2025. Grab, the largest ride-hailing firm, will raise its platform fee from 70 cents to 90 cents per…
A 33-year-old man, Muhammad Fariz Shaik Sha Marican, scammed his employer out of more than SGD24,000 (US$17,950) by forging over 460 Grab receipts and false timesheets. On Tuesday, he pleaded guilty to two charges of forgery, with two additional charges to be…
Singapore’s Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season. US-listed shares of the company jumped…
Grab is now “stronger than ever” after 10 years of operations in Vietnam, its country chief said in the wake of competitor Gojek’s exit from the market. It now has more users and partners than ever, Alejandro Osorio, managing director of Grab Vietnam, said at…
Philippine regulators have launched an investigation into the alleged robbery and sexual assault of a Vietnamese woman who booked a ride using the Grab ride-hailing app. The Philippines’ Land Transportation Franchising and Regulatory Board has requested the…
Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore’s third-largest taxi operator, Trans-cab, according to a statement from Singapore’s competition watchdog. The Competition and Consumer…
Grab Holdings reported its first quarterly profit on Thursday and unveiled a maiden share repurchase program, but the ride-share and food-delivery firm’s weak annual sales forecast fanned growth worries and weighed on its shares. While the Singapore-based…
More than a few workers made unemployed by increasing layoffs in Vietnam recently have become motorcycle taxi drivers only to realize it’s not a lasting solution. After starting his workday at 5 a.m., at 10 a.m. Le Van Manh had completed only one trip, which…
Singapore-based Grab Holdings, Southeast Asia’s leading ride-hailing and food delivery app, is cutting 1,000 jobs or 11 per cent of its workforce, its CEO said on Tuesday, citing the need to manage costs and ensure more affordable services long term. In a…
Hanoians are struggling to book ride-hailing and delivery services during the runup to Tet (Lunar New Year holidays). Hoang Viet of Nam Tu Liem District had an interminable wait before he could get a motorbike on a ride-hailing app on January 15 evening. He…
Grab Holdings, Southeast Asia’s biggest ride-hailing and food delivery firm, is rolling out cost-cutting measures to cope with an uncertain macroeconomic situation, the Singapore-based company’s chief executive told staff in a memo. The measures include a…
Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and food delivery firm, is rolling out cost-cutting measures to cope with an uncertain macroeconomic situation, the Singapore-based company’s chief executive told staff in a memo. The measures include a…
Grab Vietnam has appointed Alejandro Osorio as its new managing director as part of its drive to achieve “robust sustainable growth” in its local operation. Osorio, an American who has worked for Grab for five years, previously served as director for regional…
Just Kitchen, an operator of ghost kitchens specializing in the development of delivery-only food brands, announces the expansion of JustKitchen’s in-house brands to Thailand (the ” Thailand Location “) via GrabKitchen. For the Thailand Location in the…
