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The Latest Breaking News from Grab

IBD Live Q&A And Two Key Stock Lists For Nov. 21, 2024

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Grab CEO Anthony Tan singles out one market as shares soar after blowout quarter: ‘Everybody loves Thailand'

Grab lifted its profit outlook for the year after reporting a strong September quarter on Monday.

Fortune

OpenAI, the developer of ChatGPT, hopes to join Singapore’s ‘thriving AI ecosystem’ with new office

OpenAI claims Singaporeans are some of the heaviest users of ChatGPT on a per capita basis.

Fortune

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Grab's chief product officer says generative AI is an 'accelerator' in its drive to get more people using the app without 'friction'

Grab is one of the few tech startups on Fortune’s inaugural Southeast Asia 500 list, which ranks the region’s largest companies by revenue.

Fortune

‘The big story of the 21st century’: is this the most shocking documentary of the year?

Six years in the making, jaw-dropping new film The Grab shows a secret scramble by governments and private firms to buy up global resources

The Guardian - US

S&P Futures Higher After April CPI is Released

June S&P 500 E-Mini futures (ESM24) are trending up +0.45% this morning after April's CPI report was released.

Barchart

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

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What is Grab? Southeast Asia’s post-Uber “everything app”

While you may never have heard of it, the Grab app has become as ubiquitous in southeast Asia as Uber, DoorDash, and Venmo are in the U.S. — and it just posted a profit for the first time since listing on the Nasdaq in 2021.

The Street

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.

Top News

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

The Independent UK

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Bangkok Post

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.

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Al Jazeera

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.

Bangkok Post

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.

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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