ride-hailing

Grab expects to break even in food delivery by end-2021

GRAB expects its food delivery business to break even by the end of 2021, following positive earnings before interest, taxes, depreciation and amortisation (Ebitda) recorded in several of its...

Grab's Ebitda unlikely to breakeven before 2023: Moody's

MOODY's Investors Service has assigned a first-time B3 corporate family rating (CFR) to Grab Holdings to reflect the firm's leading position in key regional markets as well as uncertainties around...

Gojek leverages Indonesia's Bank Jago in digital banking fight

GOJEK has spent 2.25 trillion rupiah (S$215 million) to up its stake in Indonesia's Bank Jago to 22.2 per cent, which observers say could give the former significant access in order to leverage...

Gojek buys 22% stake in Indonesia's S$4b Bank Jago

GOJEK has bought a 22 per cent stake in Indonesia's Bank Jago, a move which it says will allow some of its users access to digital banking services through the ride-hailing operator's platform....

Covid-19 makes uneasy bedfellows of Grab and Gojek

THE dominance of Grab over archrival Gojek outside of Indonesia may have become more obvious with Covid-19, and this may be a key factor spurring both South-east Asian unicorns closer towards a...

Grab to add platform fee after Singapore competition watchdog drops restrictions

WITH the Competition and Consumer Commission of Singapore (CCCS) releasing its two-year hold over Grab, the ride-hailing operator is now free to adjust its prices according to market forces. This...

Four ride-hailing firms bag operating licences from LTA

SINGAPORE'S Land Transport Authority (LTA) has awarded ride-hail service operator licences to Grab, Gojek, TADA and ComfortDelGro under the Point-to-Point (P2P) Passenger Transport Industry Act...

Four ride-hailing firms bag operating licences from LTA

SINGAPORE'S Land Transport Authority (LTA) has awarded ride-hail service operator licences to Grab, Gojek, TADA and ComfortDelGro under the Point-to-Point (P2P) Passenger Transport Industry Act...

Grab's Q3 revenue near pre-Covid level; hiring for senior digibank roles

RIDE-hailing and food delivery firm Grab has logged in a Q3 group revenue that is over 95% of that of pre-Covid-19 levels, the Singapore-headquartered firm’s president Ming Maa said in an emailed...

Rules clarity a plus for Grab, Gojek in S-E Asian minefield

SINGAPORE'S regulatory framework for the point-to-point (P2P) transport sector, which is set to be rolled out later this month, marks the maturing of the ride-hailing industry here.

Pandemic delivers first crisis lessons to South-east Asia's Grab

[SINGAPORE] In the early weeks of the coronavirus outbreak, Anthony Tan, the chief executive officer of South-east Asia's biggest ride-hailing firm, recalls how he mistook the infection to be a...