Grab

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 ...
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. More than a fortnight after the whole incident, many ...
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 ...
Ascendas REIT posts 0.7% higher 3Q DPU of 3.998 cents; secures $181.2 mil BTS project from Grab
SINGAPORE (Jan 30): The manager of Ascendas REIT (A-REIT) reported a 3Q19 distribution per unit (DPU) of 3.998 cents, growing 0.7% from 3.97 cents a year ago after taking into account an enlarged number of units in issue. The growth in DPU was mainly attributed to contributions from both newly-acquired and redeveloped properties. Gross revenue for the quarter grew 4.2% to $226.4 million ...
Singapore proposes stricter rules for ride-hailing operators
(Jan 25): Singapore is proposing to step up regulation of ride-hailing companies such as Grab and Go-Jek, bringing rules for the services in line with taxi operators in a bid to better protect the safety of commuters and drivers. The city-state’s regulators asked for public comment on the subject through Feb 21 because of the gaps in how street-hailing and ride-hailing services are managed, ...
Singapore's Grab can't afford to fail finance
(Jan 16): After sending rival Uber Technologies Inc packing from Singapore and other Southeast Asian markets, homegrown ride-hailing firm Grab has set itself a stiffer target. It wants to be a regional super-app. Think of it as a digital conglomerate that hooks customers for one thing, only to promise them value for several others, sort of like a Netflix Inc. subscription that also tracks your ...
Grab is looking heavier by the day. Thanks, Toyota: Tim Culpan
(Dec 20): Six months ago I warned that Grab Holdings Inc. may ditch its asset-light model in favor of owning more inventory. The Singapore-based ride-hailing company had just landed US$1 billion in funding from Toyota Motor Corp., and the deal looked a little like vendor financing. A press release from the two companies on Tuesday shows this to be the scenario that’s ...
Grab raises US$150 mil from Yamaha
SINGAPORE (Dec 17): Grab is attracting more global backers after the ride-hailing service defeated Uber Technologies Inc. in Southeast Asia. A motorcycle maker has become the latest investor. Yamaha Motor Co. agreed to invest US$150 million ($205.7 million) in Grab and the two will collaborate on motorcycle-ride services in Southeast Asia with a focus on Indonesia, the Japanese manufacturer ...
How will Singapore's land transport players respond to Go-Jek's arrival?
SINGAPORE (Dec 5): RHB Research is maintaining “neutral” on ComfortDelGro (CDG) with an unchanged target price of $2.35, which indicates 11% upside plus 5% FY19F yield. This comes as the research house is anticipating ride-hailing entrant Go-Jek to initiate a price competition against its counterpart Grab – and awaits clarity on the resultant effect on CDG’s taxi business, which forms ...
Go-Jek said to roll out in Singapore this week to challenge Grab
(Nov 28): Indonesia’s Go-Jek plans to roll out a preliminary version of its ride-hailing app in Singapore on Thursday, bringing fresh competition to the hometown of arch-rival Grab, according to people familiar with the plan. Go-Jek’s beta app will be available to a limited number of consumers before expanding it to a wider population as testing progresses, said the people, who asked not ...