Grab staff urged to take no-pay leave; driver financial support may not extend past June 1

GRAB is urging its staff to take no-pay leave voluntarily as the novel coronavirus outbreak continues to batter its business. The ride-hailing firm also told its drivers that it may not be able to...

Food delivery sector booms in a time of coronavirus

Demand for food delivery services has increased by about 20 to 30 per cent since a ban on dining-in kicked in on April 7. Besides customers, new food and beverage operators and workers have also...

Coronavirus: Food delivery firms take steps to guard against infections

At least four GrabFood delivery riders have been suspended and more than a hundred others warned for failing to comply with safe distancing rules.

Food delivery platforms deny profiting from surge in demand during virus crisis

GRABFOOD, foodpanda and Deliveroo said on Friday that their merchant commission rates are justified because they ensure that delivery riders are fairly paid and the cost of service is covered.

Gojek gives drivers up to 100% rebate in commission during circuit-breaker

GOJEK is offering its drivers up to 100 per cent in rebate for commission fees, following the enhanced social-distancing measures by the Singapore authorities that landed a further blow to the...

Grab halves commissions for drivers, lowers criteria for weekly payout

GRAB is halving its commission rate for private-hire drivers from Monday till May 4, in light of the latest Covid-19 circuit-breaker measures that are expected to drive down demand for rides even...

Hotelier grandson of Asia's sugar king turns venture capitalist

[SINGAPORE] As a 17-year-old trainee bellboy, Kuok Meng Xiong spent a summer opening doors at his family's Island Shangri-La hotel in Hong Kong.

Gojek adds US$1.2b to war chest, but CEOs warn of tough times ahead

JUST three weeks after talk surfaced of a potential merger between ride-hailing giants Grab and Gojek, Indonesia-based Gojek is again in the spotlight after raising an additional US$1.2 billion in...

MUFG-Grab deal shows Japanese banks' growing interest in S-E Asia: Fitch

FITCH Ratings on Thursday said Mitsubishi UFJ Financial Group's (MUFG) US$706 million...

Citi high-flyer to steer Grab on its digital bank path

FORMER Citibank Singapore's head of retail banking Charles Wong is due to join the Grab-Singtel entity bidding for a digital full bank in Singapore, BT understands.