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The Latest Breaking News from Grab

Singapore ride-hailing firm Grab slashes 1,000 jobs in biggest layoff since pandemic

Singapore ride-hailing firm Grab Holdings said it is cutting over 1,000 jobs or 11% of its workforce to cut costs and keep the company competitive, in its biggest round of job cuts since the pandemic

The Independent UK

Grab cutting 11% of workforce

SINGAPORE: Singapore-based Grab Holdings, Southeast Asia’s leading ride-hailing and food delivery app, is cutting 1,000 jobs, or 11% of its workforce, its CEO said on Tuesday, citing the need to manage costs and ensure more affordable services long-term.

Bangkok Post

Bolt to invest B300m in local expansion

Estonian super-app Bolt is investing 300 million baht to strengthen its footprint in Thailand as part of its Southeast Asian growth strategy.

Bangkok Post

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Grab Thailand to break even before Q4

Grab Thailand, the local operation of the Southeast Asian super application, plans to break even before the fourth quarter as it sees itself on a path to group profitability through its "One Grab" synergy.

Bangkok Post

Grab co-founder stepping aside

SINGAPORE: Grab Holdings co-founder Tan Hooi Ling is stepping down from her operational roles by the end of the year, more than a decade after she helped start the Singapore-based ride-hailing and food delivery company.

Bangkok Post

Thailand election: Who could become the next prime minister?

Voting is set for Sunday, with progressive parties calling for reforms to the monarchy and military.

Al Jazeera

Grab unit upbeat on potential for growth

Grab Thailand is optimistic with regard to its operating profit this year given the business direction of its parent, Nasdaq-listed Grab Holding, which aims to break even.

Bangkok Post

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Asian startups can learn from IPO flops

Almost every startup, if not all, dreams of growing bigger and getting listed on the stock exchange one day.

Bangkok Post

Over dinner in Davos, the CEOs of Novartis, Coca-Cola, and Grab shared what’s worrying them

Highlights from Fortune's dinner in Davos.

Fortune

Grab sees foreign users surge in Thailand

Super-app Grab reported a 45% surge in foreign users of its ride-hailing service in Thailand between the second and third quarters of last year, reflecting a recovery of tourism in the country.

Bangkok Post

Actress not lying about bribe: source

A number of officers among the seven Huai Khwang policemen accused by Taiwanese actress Charlene An of extorting 27,000 baht from her in the early morning of Jan 4 have now admitted she was telling the truth, according to a police source.

Bangkok Post

Actress bribe claim borne out by officers' confessions: source

Bangkok Post

Police chief steps in to bribes row

The national police chief has ordered investigators to find more evidence related to a Taiwanese actress's complaint that police extorted 27,000 baht from her at a checkpoint in Huai Khwang district this month.

Bangkok Post

Police chief steps in to bribes row

Bangkok Post

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Bangkok Post

Police chief wants transparent probe into extortion claim

The national police chief has ordered investigators to find more evidence related to a Taiwanese actress’s complaint that police extorted 27,000 baht from her at a checkpoint in Bangkok's Huai Khwang district earlier this month.

Bangkok Post

Banking on virtual success

Leading companies in the financial, tech and telecom sectors have expressed interest in developing a virtual bank business, with the aim of exploring greater opportunities in the digital era.

Bangkok Post

Southeast Asia food delivery market slows in risk to Grab, GoTo

SINGAPORE: Southeast Asia’s food delivery spending grew at the slowest pace in at least four years in 2022, highlighting the challenges faced by regional internet giants Grab Holdings Ltd and GoTo Group.

Fortune

How closing the digital divide can improve the global economic outlook for 2023 and beyond

As much as 60% of the global GDP relies on digital communications–and yet a third of the global population remains disconnected from the internet.

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Bangkok Post

Regional banks driven to step up digital services

Banks in Thailand and elsewhere in Asia-Pacific are being pressured to improve their digital banking services in 2023, as more tech companies are expected to join the industry amid the use of cloud technology, says cloud banking platform Mambu.

Bangkok Post

Grab spots 2023 consumer trends

Super-app Grab has underscored healthy menus, afternoon snacks and delivery subscriptions as consumer trends that merchants should pay attention to next year.

Bangkok Post

Grab banking on Phuket tuk-tuk service

Super-app Grab has launched "GrabTukTuk" service in Phuket, aiming to capture tourists flocking to the southern island following the country's reopening.

Bangkok Post

Line Man in talks to acquire Foodpanda in Thailand

Food delivery unicorn Line Man Wongnai is in talks to acquire Delivery Hero SE’s Foodpanda in Thailand as it plans for a stock-market debut in the next few years, according to people familiar with the discussions.

Bangkok Post

Grab focuses on long-term journey

Amid economic uncertainty and a spending slowdown, super-app Grab projects the industry is moving towards new business practices where price wars become less intense, focusing instead on building customer loyalty and broadening customer segments.

Bangkok Post

Baggage handlers told to speed up

The Transport Ministry has ordered baggage-handling companies at Suvarnabhumi airport to speed up their services after receiving complaints from people who had to wait up to 90 minutes to collect their luggage.

Bangkok Post

Buy now, pay later lures apps and e-marketplaces

Super apps and e-marketplaces are making a foray into buy now, pay later (BNPL) services in Thailand to stimulate consumption amid economic headwinds and stagnant inflation.

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