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Grab

grab cost-cutting
News

Grab in cost-cutting mode as economic uncertainty looms

December 15, 2022 News Centre 0

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 investors
News

Grab promises investors it will be profitable by end-2024

September 28, 2022 Joana Bagano 0

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 no layoffs
News

Grab – no mass layoffs despite weak market

September 25, 2022 News Centre 0

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…

be group vietnam grab
News

Be Group gears up to challenge Grab’s supremacy in Vietnam

September 7, 2022 Joana Bagano 0

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…

grab GXS singtel
News

Grab/SingTel’s GXS launches Singapore’s first digital bank

September 1, 2022 News Centre 0

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…

GrabFin Grab
News

Grab fintech execs quit after rejig of loss-making GrabFin unit

May 25, 2022 News Centre 0

Two top executives at Grab Holdings’ fintech business (GrabFin) have quit, adding to other senior departures in recent months. Read more…

digital banking licenses
News

Grab and Sea among winners of digital banking licenses in Malaysia

May 4, 2022 Joana Bagano 0

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
News

Grab and Sea plot comeback strategies as market caps nosedive

April 6, 2022 Joana Bagano 0

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…

Grab shares
News

Grab shares crash after drop in revenue and higher incentives

March 5, 2022 News Centre 0

Shares in Grab tumbled 37% a worse-than-expected drop in revenue, hit by promotional offers and higher driver incentives. Read more…

grab
News

SE Asia unicorn Grab lists on Nasdaq after successful SPAC merger

December 2, 2021 Joana Bagano 0

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…

OVO Grab
News

Grab will more than double its stake in Indonesian e-wallet OVO

October 5, 2021 News Centre 0

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…

Grab Singapore SPAC
News

Will Singapore’s Grab maintain its record SPAC valuation after US listing?

April 28, 2021 News Centre 0

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 valuation Altimeter
News

Grab grabs a merger valuation of almost $40bn paving way for US listing

April 14, 2021 News Centre 0

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…

Grab US listing IPO
News

Southeast Asian ride-hailing, food delivery giant Grab exploring US listing

January 19, 2021 News Centre 0

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…

Grab fintech investors
News

Grab raises more than $300 million from investors for its fintech business

January 15, 2021 News Centre 0

Southeast Asian ride-hailing and food delivery giant Grab has raised more than $300 million from investors led by Hanwha Asset Management. Read more…

online banking digital licences
News

Singapore hands out first digital licences in big banking shakeup

December 4, 2020 News Centre 0

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…

Grab revenue
News

Singapore’s Grab reports revenue risen <95% of pre-COVID-19 levels

October 23, 2020 News Centre 0

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…

Grab financial services
News

Grab in advanced talks to raise $300-500 mn for its financial services unit

September 9, 2020 News Centre 0

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 consumer loans
News

Grab to offer consumer loans and wealth management in Singapore

August 5, 2020 News Centre 0

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…

watchdog fines Grab
News

Indonesia’s anti-trust watchdog fines Grab more than $3 million

July 5, 2020 News Centre 0

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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