Grab

Hyundai Motor scores additional hybrid taxi deal with ComfortDelgro

SINGAPORE (June 24): Hyundai Motor’s footprint is set to expand further in Singapore’s taxi market, as it receives an additional order for 2,000 Ioniq hybrid taxis from ComfortDelgro.

On Monday, Hyundai says it had signed a deal with ComfortDelgro to deliver 1,500 Ioniq hybrids by the end of the year with the remaining 500 units by the first half of 2020.

Hyundai says the partnership between both companies dates back to 2007 and just last year, the two signed a 1,200-unit deal after ComfortDelgro expanded its lineup to include Ioniq hybrids.

Grab eyes Singapore banking licence as regulator studies virtual banks

SINGAPORE (June 17): Grab, Southeast Asia’s most valuable start-up, is exploring a move into Singapore banking as regulators in the city state consider allowing online-only banks into its market, four people with knowledge of the process say.

Grab is close to hiring a consultancy to advise it on its banking potential and is gearing up to apply for a digital-only bank licence in Singapore if the banking regulator decides to open up the sector, say the people, who declined to be identified, as they were not authorised to speak to the media.

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Grab is said to have discussed buying payments startup 2C2P

(June 17): Singapore ride-hailing giant Grab held talks to acquire payments provider 2C2P Pte and was turned down, according to people familiar with the matter, a sign of the ambitions Southeast Asia’s most valuable startup has in financial services.

Grab eyes Singapore banking licence as regulator studies virtual banks

(June 12): Grab, Southeast Asia’s most valuable startup, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online-only banks, four people with knowledge of the process said.

Grab is close to hiring a consultancy to advise it on its banking potential and is gearing up to apply for a digital-only bank license in Singapore if the banking regulator decides to open up the sector, said the people, who declined to be identified as they were not authorised to speak to the media.

Recommend aims for permanent integration of offerings with Grab; on 'clear path' towards profitability

SINGAPORE (May 13): If there is one thing that internet and app-oriented start-ups track closely regardless of the industry they operate in, it is the conversion rate. This metric measures how much user traffic is translated into a desired action, for instance, sales. The aim, obviously, is to have a high conversion rate in order to boost the chances of success.

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This startup plans to permanently integrate its offerings with Grab

SINGAPORE (May 10): If there is one thing that internet and app-oriented start-ups track closely regardless of the industry they operate in, it is the conversion rate. This metric measures how much user traffic is translated into a desired action, for instance, sales. The aim, obviously, is to have a high conversion rate in order to boost the chances of success.

Grab explores spinning off financial services business: sources

SINGAPORE (May 8): Singapore-based ride-hailing company Grab has mandated a few banks to approach potential investors to take minority stakes in its financial services business as it looks to spin off the unit, according to two people familiar with the matter.

Grab has adopted an aggressive strategy to expand its range of services, from transport to food delivery and payments, as it races Indonesia's Go-Jek to become an app-for-everything in
Southeast Asia, home to about 650 million people.

Grab enters micro lending and insurance businesses

SINGAPORE (March 19): Grab, which is known for its ride-hailing app, has introduced a range of financial services, following the launch of its Grow with Grab roadmap today.

Under its fintech arm, Grab Financial Group, the company will provide lending services for small and medium enterprises (SMEs), micro-insurance products, and post-paid and instalment payment services.

It will also provide “Pay with GrabPay”, an online check-out payment method for online sellers.

These financial services will be made available in the next few weeks, according to Grab.

Grab, GoJek, Didi and why it's hard to find winners in the few really successful EMs

SINGAPORE (Feb 18): They say there is no such thing as bad publicity. For GoJek, at least, the recent altercation between one of its drivers and a female passenger, who turned the phrase “Is it because I’m Chinese?” into a popular meme, has arguably done more to promote its brand than any carefully crafted marketing plan could have.

Ascendas REIT set to thrive on overseas initiatives & new Grab project, says Maybank

SINGAPORE (Jan 31): Maybank Kim Eng continues to rate Ascendas REIT (A-REIT) at “buy” with an unchanged price target of $2.95, while highlighting the trust as its top S-REIT pick due to its scale, and as the best proxy to recovering sector fundamentals.

This comes after the trust’s manager yesterday posted 3Q19 DPU of 3.998 cents, up 0.7% from 3.97 cents a year ago and in line with Maybank estimates.

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