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…
Grab
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…
News
Microsoft buys into the Grab gravy train
SINGAPORE (Reuters) – Microsoft is investing in Southeast Asian ride-hailing firm Grab as part of a partnership that the two companies said will allow them to collaborate on technology projects, including big data and artificial Read more…