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...

$77m in aid for cabbies, private-hire drivers during outbreak

CABBIES and private-hire drivers will be able to tap a S$77 million package to tide them over the sharp drop in business caused by the coronavirus crisis.

Ride-hailing and taxi firms step up measures to guard against coronavirus

RIDE-HAILING and taxi companies in Singapore have stepped up their precautionary measures as the novel coronavirus continues to spread. The measures include temperature-taking, suspension of some...

Gojek says it is still planning IPO, but not in near future

INDONESIA'S first startup unicorn Gojek said on Thursday it has no immediate plans to tap public markets, but is still planning a listing with the Indonesian exchange, the IDX, as its primary...

S-E Asia a 'goldmine of untapped opportunity': Grab co-founder

EVEN though South-east Asia remains underserved, solutions that are "copy and paste" from developed markets would not work well here, ride-hailing giant Grab's co-founder Tan Hooi Ling said.

Singaporean's motorcycle taxi app challenging Grab in Manila

[MANILA] A former Singaporean banker's motorcycle taxi app is emerging as a key rival to Grab - and a test case for Manila's resolve in unclogging the world's most congested streets.

New ride-hailing players boost Singapore drivers' earnings, cut fares: NUS study

HEALTHY competition in Singapore’s ride-hailing market has been beneficial to both drivers and riders over the past year, according to research findings by the National University of Singapore (NUS)...

Grab facing off against Tesla taxis in Indonesia

[JAKARTA] In 2015, the shares of Indonesia's largest cab company were soaring, while its revenue reached a record high. Then came Uber, followed by Grab and Gojek, South-east Asia's answer to the...

Ride-hailing firm Grab plans major investment in Vietnam

[SINGAPORE] Singapore-based ride-hailing firm Grab is set to invest "several hundred million dollars" in Vietnam where the company sees its next major growth market, just weeks after it unveiled a...

Grab gets additional US$300m in funding from Invesco

RIDE-HAILING giant Grab has secured US$300 million in additional funding from global independent investment management company Invesco to further its expansion efforts in the region.