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Prefer, a Singapore-based food tech startup, is extending its reach to Australia, following the establishment of its debut domestic business collaboration. Expansion Down Under In a strategic move to expand its footprint in Australia and New Zealand, Prefer…
Ninja Van is making headlines this week with a significant restructuring aimed at sharpening its focus on business growth. A company spokesperson announced on Tuesday that recent layoffs form part of a broader strategy to enhance its business model,…
Grab Holdings, a Singapore-based tech company, surpassed Wall Street’s revenue expectations in Q2, with a surge in consumption across its ride-hailing and food delivery services, seemingly unaffected by global economic uncertainties. Superapp Drive Pays Off…
South Korea’s NAVER Corp. is making waves in the tech world with the launch of NAVER Ventures, its new global investment arm based in Silicon Valley. This initiative aims to support early-stage startups in North America and turbocharge the company’s global…
GrabCab, a new player in Singapore’s taxi market, is gearing up to launch next month, becoming the sixth taxi operator in the bustling city-state with an initial fleet of 40 electric hybrid vehicles. The move comes from Grab’s subsidiary, GrabRentals, which…
The Indonesian competition authority has initiated an investigation to identify potential risks associated with a potential merger between tech behemoths Grab and GoTo, according to the head of the agency. Muhammad Fanshurullah Asa, the head of the agency,…
The latest index from StartupBlink ranks Singapore as a vibrant player in the global startup arena, trailing behind Israel, Britain, and the United States. Since 2020, Singapore’s ascent has been remarkable, jumping 12 spots to become one of the…
The exciting landscape of ride-hailing in Vietnam just got a little more dynamic. Lalamove, a Hong Kong-based logistics company, recently launched its ride-hailing services in Ho Chi Minh City, which are available for both motorbike and car rides (four- and…
The British fintech company, now active in around 30 countries, continued its rapid growth last year. Revenue rose by 72 percent to £3,1 billion, according to the annual report published on Thursday. That equates to approximately 3,41 billion francs. Pre-tax…
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…
Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade Commission (FTC) said on Wednesday. Uber and Foodpanda did not immediately respond…
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…
Indonesia has unveiled economic stimulus packages totaling IDR827 trillion (US$51.65 billion) for 2025, designed to mitigate economic shocks and address the weakening purchasing power of low- and middle-income groups. The stimulus also aims to cushion the…
The Vietnam 100 Best Places to Work list for 2024 features familiar names such as Unilever and Vingroup, while Danish toy maker Lego and property developer Capitaland make their debuts. Unilever Vietnam maintained its top position in the large business…
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…
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…
