Gojek raises over US$1 billion as ride-hailing giants beef up their portfolios

THE battle of the ride-hailing giants is maturing from pure price war into a multi-layered fight, say industry watchers, following Gojek's latest fundraising of over US$1 billion.

UOB, Grab kick-start partnership with digital initiatives, customer benefits

RIDE-HAILING giant Grab will now offer UOB Cards privileges directly on its mobile app. This is the first in a series of digital initiatives that UOB and Grab will bring to market this year, as part...

Ascendas Reit Q3 DPU up 0.7%

ASCENDAS Reit on Wednesday posted a 0.7 per cent increase in distribution per unit (DPU) to 3.998 Singapore cents for the third quarter ended Dec 31, 2018, from 3.970 Singapore cents a year ago...

LTA looking at level playing field for ride-hailing and taxi market

RIDE-HAILING players in Singapore may soon find themselves regulated as transport companies rather than tech upstarts under new proposals by the Land Transport Authority (LTA).

LTA aims to streamline rules for taxi firms, private-hire cars

A long-awaited move to impose tighter regulations on private-hire operators is round the corner.

LTA to streamline rules governing taxis, private-hire cars

The Land Transport Authority said it is proposing to license all street-hail and ride-hail operators, "as they provide the same fundamental service of transporting commuters from point to point...

Insurers tap startup platforms to open new distribution channels

LURED by the promise of a large user base and a well of data to tap, insurance companies are tying up with non-insurtech digital platforms to open up a new distribution channel for their products.

Grab launches free medical leave insurance for drivers

Ride-hailing platform Grab yesterday launched a free medical leave insurance scheme for drivers - but they must hit a minimum level of earnings.

Grab can't afford to fail finance test

(BLOOMBERG) - After sending rival Uber Technologies packing from Singapore and other South-east Asian markets, home-grown ride-hailing firm Grab has set itself a stiffer target. It wants to be a...

Grab in JV with China's ZhongAn to distribute insurance products in South-east Asia

HOPING to tap a fast-growing market, Grab has entered into a joint venture (JV) with a subsidiary of Chinese Internet-based insurer ZhongAn Online P&C Insurance Co to create a digital platform to...