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The Latest Breaking News from Grab

Financial services are pushing up the revenues of the Southeast Asia 500's most prominent tech startups

Sea, Grab, and GoTo climbed the rankings of the Southeast Asia 500, in part thanks to their fast-growing fintech businesses.

Fortune

GoTo readies itself for an Indonesia-focused Fintech future

GoTo's recent actions, such as announcing its fintech results ahead of on-demand services, show its priorities are changing.

Fortune

Taxi drivers demand govt end Grab service at airport

Drivers of regular taxis have threatened to begin blocking entry and exit points at Suvarnabhumi if the government fails to shut down the Grab ride hailing service at Bangkok

Bangkok Post

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What uncertainty? Grab upgrades forecast and claims tougher economy might help its ride-hailing business

COO Alex Hungate noted that Grab has an "almost counter-cyclical approach", as people consider gig work as a hedge against job losses.

Fortune

Grab Holdings: Time to Grab More of This Rideshare Beast

Grab is the largest rideshare operator in Southeast Asia and only with a 5% penetration of its nearly 700 million person population, which leaves a long runway.

MarketBeat

Grab points to Southeast Asia's 'undertapped' potential as forecast disappoints

CEO Anthony Tan said Grab is currently serving just one out of 20 people in Southeast Asia despite hitting an all-time high of monthly transacting users.

Fortune

Move Over, Nvidia: Why This Analyst Is Picking Uber Stock Instead for 2025.

Analysts believe concerns about robotaxis are unfounded and Uber has significant upside potential.

Barchart

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1 ‘Strong Buy’-Rated Penny Stock to Buy in January

This company stands out with a popular super app, earning high praise on Wall Street.

Barchart

Why Wall Street Expects This Growth Stock to Soar 99% in 2025

Down 30% from its 52-week high, now could be a good time to buy this growth stock.

Barchart

3 Streaming Giants Ending the Year on a High Note

The video streaming industry is rapidly evolving, driven by technological advancements and a surge in on-demand content. In this ever-evolving dynamic industry, fundamentally robust streaming stocks Amazon (AMZN), Netflix (NFLX), and Disney (DIS) could be solid buys. Keep reading.

StockNews.com

Vietnam’s richest man vies to dethrone SE Asia’s ride-hailing king, Grab

Pham Nhat Vuong’s Xanh SM has big ambitions, but critics question its growth potential in fiercely competitive market.

Al Jazeera

4 Reasons to Grab Shares of Grab Holdings Before 2024 Ends

Grab Holdings posted its first net profit, raised 2024 guidance, and broke out of a bullish pattern. Here's why you should buy GRAB stock before year-end.

MarketBeat

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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Fortune

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.

The Guardian - US

‘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

Barchart

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.

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Bangkok Post

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.

Top News

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.

Al Jazeera

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.

Bangkok Post

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.

RideApart

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.

The Independent UK

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

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.

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Gabriela Cowperthwaite

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