
Grab in cost-cutting mode as economic uncertainty looms
Grab rolls out cost-cutting measures to cope with an uncertain macroeconomic situation, including a freeze on most hirings and cuts in travel, expense budgets. Read more…
Grab rolls out cost-cutting measures to cope with an uncertain macroeconomic situation, including a freeze on most hirings and cuts in travel, expense budgets. Read more…
Grab has been on a downward spiral since its SPAC merger in December, but CEO Anthony Tan told investors the firm aims to break even by the second half of 2024. Read more…
Grab, Southeast Asia’s biggest ride-hailing and food delivery firm does not envisage mass layoffs as some rivals have done and is selectively hiring. Read more…
Ride-hailing competition in Vietnam is set to intensify as Be Group secures a $60 million loan from Deutsche Bank to challenge existing market leader Grab. Read more…
GXS Bank, the digital bank joint venture of ride-hailing firm Grab and SingTel, launched Singapore’s first digital bank on Wednesday for the retail market. Read more…
Two top executives at Grab Holdings’ fintech business (GrabFin) have quit, adding to other senior departures in recent months. Read more…
Bank Negara Malaysia (BNM) has issued digital banking licenses to five players, including consortiums led by Grab-Singtel and Sea. Read more…
Grab and Sea Ltd sink to the bottom of the MSCI Asean Index and lose a combined $71 billion in market value. They have plans to get it back. Read more…
Shares in Grab tumbled 37% a worse-than-expected drop in revenue, hit by promotional offers and higher driver incentives. Read more…
Grab officially lists on Nasdaq as a merged entity with SPAC Altimeter Growth, giving US investors a new chance to invest in Southeast Asia. Read more…
Southeast Asian ride-hailing and payments firm Grab will more than double its stake in Indonesian e-wallet OVO to 90%, pending approval. Read more…
Singapore’s Grab more than doubled its valuation as part of the world’s largest SPAC deal, but will it that level after its US debut? Read more…
Grab has agreed a merger with Altimeter Growth Corp securing a valuation of nearly $40 billion and paving the way for a coveted US listing. Read more…
Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the US, encouraged by robust investor appetite for IPOs. Read more…
Southeast Asian ride-hailing and food delivery giant Grab has raised more than $300 million from investors led by Hanwha Asset Management. Read more…
A number of consortiums have won licences to run Singapore’s first digital banks, in the city-state’s biggest banking shakeup in two decades. Read more…
Singapore’s Grab third-quarter revenue had risen to more than 95% of pre-COVID-19 levels, reflecting increased demand for food delivery. Read more…
Southeast Asia’s Grab is in advanced talks with companies as it seeks $300-500 million in investment for its financial services unit. Read more…
Grab says it will offer consumer loans services in Singapore and roll-out wealth management products in the fast-growing but crowded sector. Read more…
Indonesia’s anti-trust watchdog fines Grab and business partner more than $3 million after finding it guilty of breaking anti-monopoly laws. Read more…
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