Grab

Briefs

SINGAPORE (Sept 23): “I don’t want you to listen to me. I want you to listen to the scientists. And then I want you to take real action.” 16-year-old climate change activist Greta Thunberg addressing the US Congress on Sept 19.

Anwar says he will be PM around 2020

Malaysian ruling party leader Anwar Ibrahim, who cut a deal to become the country’s next prime minister ahead of last year’s election, said in a Sept 18 interview with Bloomberg that he should take power around May 2020. 

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Grab teams up with Heineken to bring beer to your doorstep

SINGAPORE (Sept 17): Grab has teamed up with Heineken in a collaboration that will see Southeast Asia’s so-called “super app” being the preferred delivery and digital service partner for the popular beer brewer.

Main image: Kenneth Choo, managing director, Heineken APAC (left) and Hidayat Liu, group head of strategy, partnerships and business development, Grab.

Grab in talks to merge Indonesian payment firms to overtake Gojek: sources

(Sept 11): SoftBank-backed ride hailer Grab is in talks to merge OVO, an Indonesian digital payments firm in which it owns shares, with an Ant Financial-backed local peer to build heft and power ahead of archrival Gojek, people familiar with the matter said. 

A deal would see Singapore-based Grab buy a majority interest in Ant-backed DANA from Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) and merge it with OVO, they said.

Of proteins + muscles

A young mother is mindful of the building blocks of nutrition that can shape children’s relationship with food

(Sept 8): Getting her two young children to eat well sounds easy-peasy for Chloe Tong: Eat balanced meals together, snack on fruit and make mealtime fun. As for whether healthy eating came about naturally with motherhood, she says: “I wouldn’t even categorise it as healthy eating but just having a good relationship with food.”

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Grab set for major investment in Vietnam

SINGAPORE (Aug 26): 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 US$2 billion ($2.8 billion) plan in Indonesia.

The proposed investment is the latest example of a top-notch regional brand deepening its commitment to Vietnam, one of Asia’s fastest growing economies. It also shows the eagerness of Grab, which has raised billions of dollars from investors, to put its cash to work.

Singapore to step up oversight on Grab, Gojek to enhance safety

SINGAPORE (Aug 7): Singapore will tighten regulations on ride-hailing operators such as Grab and Gojek, bringing safety-related rules for the services in line with taxi operators to better protect commuters and drivers.

Senior Minister for Transport Janil Puthucheary outlined a new bill governing the ride-hailing industry in the country’s parliament Tuesday. He said ride-hailing operators with at least 800 vehicles will be licensed. Taxi companies will have another license.

Grab, NTUC Income launch critical illness micro-insurance for drivers

SINGAPORE (Aug 1): Grab’s insurance arm, GrabInsure, and NTUC Income have jointly launched Southeast Asia’s first micro-insurance plan – Critical Illness: Pay Per Trip (CIPPT).

The plan will be progressively rolled out to Grab drivers from today.

The CIPPT is specially designed to help Grab drivers better protect themselves against critical illnesses by offering a unique and flexible pay-per-trip micro premium and accumulative coverage proposition.

SoftBank to invest US$2 bil through Grab to grow Indonesia's digital infrastructure

(July 29): SoftBank will invest the US$2 billion ($2.7 billion) over five years through Grab to help accelerate the development of Indonesia’s digital infrastructure.

In particular, Grab and SoftBank will create a next-generation transport network for Indonesia based around an electric vehicle (EV) ecosystem.

Both companies will also develop geo-mapping solutions for Indonesia, to drive the country’s development and adoption of future technologies.

When sharing becomes uncaring

As companies in the sharing economy turn into behemoths, it is time for regulation to ensure the workers behind their success are protected

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Grab receives additional US$300 mil investment from Invesco

SINGAPORE (June 27): Local ride hailing and financial e-services platform Grab has received an additional investment of US$300 million ($406.3 million) from existing investor Invesco.

This brings the global independent investment management company’s total investment in Grab to US$703 million. Invesco earlier this year acquired OppenheimerFunds, which initially invested US$403 million in Grab in July 2018.

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