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The Latest Breaking News from Grab

S&P Futures Tread Water Ahead of U.S. Inflation Data

June S&P 500 E-Mini futures (ESM24) are trending up +0.02% this morning as market participants awaited the all-important U.S. consumer inflation report that will likely shape the outlook for Federal Reserve policy.

Barchart

Grab taxi service comes to Suvarnabhumi

Airports of Thailand (AoT) has introduced Grab taxi services at Suvarnabhumi airport to give passengers more choices to get to and from their destinations.

Bangkok Post

Singapore regulator reviews Grab's acquisition of Trans-cab

The Singaporean regulator has initiated a thorough investigation into Grab's acquisition of Trans-cab, signaling a potential impact on the local taxi industry.

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Thailand’s food delivery drivers feel pinch as Grab, Line rack up losses

Gig workers say platforms such as Grab and Foodpanda have cut their pay rates without explanation.

Al Jazeera

Phuket airport approves Grab taxis

Phuket International Airport will allow passengers to call Grab taxis via ride-hailing apps starting Friday, with more smartphone-based taxi services being considered.

Bangkok Post

Blueshark R1 Electric Scooters To Be Used By Grab Riders In Malaysia

In Malaysia, electric scooter brand Blueshark is working with Grab and EP Manufacturing to accelerate the adoption of EVs in last-mile mobility.

RideApart

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

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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

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

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

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Fortune

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

Highlights from Fortune's dinner in Davos.

Bangkok Post

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

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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

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.

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.

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