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Grab Holdings
Global Economy
Briefs: MAS penalises Citi, DBS and OCBC for breaches of anti-money laundering requirements; Grab cuts 1,000 jobs
Quoteworthy: "That’s what the great embarrassment for dictators — when they didn’t know what happened." - US's Joe Biden.
June 23, 2023
Digital Economy
Grab cuts 1,000 jobs, maintains on track to meet earnings target
The jobs to be cut is equal to 11% of Grab's total headcount, according to Reuters, citing memo sent by CEO Anthony Tan
June 20, 2023
Company in the news
Grab plans biggest round of job cuts since pandemic
The cuts suggest Grab is succumbing to investor pressure for faster cost reduction.
June 20, 2023
Broker's Calls
As banks’ momentum wanes, investor interest could return to S-REITs and tech stocks: CLSA
CLSA analysts say that banks could be losing momentum with Singapore market earnings upgrades waning over the past few quarters.
June 16, 2023
Digital Economy
Grab co-founder Tan Hooi Ling to exit her operational roles
Tan, 39, will also give up her seat on the board
May 25, 2023
Results
Southeast Asia’s ride-hailing app Grab sees users pulling back
Grab’s adjusted losses before interest, taxes, depreciation and amortization in the first quarter narrowed to US$66 million.
May 19, 2023
Company in the news
Grab Holdings retires US$600 mil in 2026 debt with extra cash
Shares of Grab are down 2.5% this year, trailing a 12% increase in the Nasdaq Composite Index.
March 07, 2023
SPACs
Grab the de-spacs with excess cash
The spac boom has been a windfall beyond the fondest expectations of its sponsors
February 23, 2023
Digital Economy
GoTo brings forward profit goal after job cuts
Shares of GoTo have fallen more than 60% since its market debut in April.
February 16, 2023
Tech
Grab hires Tin Pei Ling for public affairs role
Grab said that Tin... will build partnerships and programs to harness technology’s potential in Singapore.
February 01, 2023