Off the Wire
Grab helps Indonesia to be largest digital economy in SE Asia
Grab will invest US$2 billion into Indonesia with the capital invested by SoftBank, to accelerate the development of the country’s digital infrastructure. Read more…
Grab
News
Grab explores digital-only banking licence in Singapore
Grab is close to hiring a consultancy to advise it on its banking potential and is gearing up to apply for a digital-only bank licence in Singapore Read more…
News
Grab looks at spinning off financial services unit
Singapore-based Grab has mandated a few banks to approach potential investors to take minority stakes in its financial services business Read more…
News
Grab raising another $2B to ramp up expansion in Southeast Asia
Grab is looking to raise another $2B this year to ramp up expansion in what has become Southeast Asia’s largest round of private financing. Read more…
News
Grab bags $200m investment from Thailand’s Central Group
Central Group, Thailand’s largest retail conglomorate, has confirmed it will invest $200m in local entity of Singapore-based ride-hailing application Grab. Read more…
News
Indonesia regulations may thwart Grab and Go-Jek expansion
Indonesia is preparing to launch regulations fixing the rates Grab and Go-Jek drivers/riders receive, creating potential obstacles for the companies’ expansion. Read more…
News
Grab ordered to pay compensation to Vietnam taxi company
HANOI (Reuters) – Ride-hailing firm Grab was ordered to pay 4.8 billion dong ($206,985) in compensation to a local taxi operator by a Vietnamese court on Friday, sources and state media said. The 18-month-long legal Read more…
Features
Go-Jek vs Grab: begun, the super-app wars have
JAKARTA (Reuters) – At a makeshift kiosk outside her home in a South Jakarta backstreet, 39-year-old Julaiha stands at the front lines of a multi-billion-dollar battle over one of the richest opportunities in the global Read more…
News
Go-Jek opens shop in Singapore to take on Grab
SINGAPORE (Reuters) – Indonesian ride-hailing firm Go-Jek kicked off a trial launch in parts of Singapore on Thursday and plans to roll out an array of services through its app in early 2019, challenging dominant Read more…
News
Grab-Uber deal fined again – this time in the Philippines
MANILA (Reuters) – The Philippines’ competition watchdog fined ride-hailing firms Grab and Uber Technologies on Wednesday, saying they consummated their merger too soon and that the quality of service dipped, becoming the second regulator in Read more…