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Grab
Grab, Uber ordered to stop Vietnam service expansion
(Oct 26): Ho Chi Minh City (HCMC) government instructs its transport department to direct ride-hailing services Uber, Grab and transport firms to suspend additions of new automobiles of 9 seats or less, newspaper reports, citing info from local authoritie
October 26, 2017
M&A
GLP & Grab among highest contributors to Southeast Asia M&A deals in 3Q
SINGAPORE (Oct 24): Q3 was a quarter of top deals for Southeast Asia, spiking 81.8% on-year to US$26.7 billion ($36.3 billion) across 97 deals, according to Mergermarket’s latest Southeast Asia M&A trend report Q1-Q3 2017.
October 24, 2017
Startups, Entrepreneurs, Digital economy
Singapore Airlines, Grab in partnership for bookings and reward points conversion
SINGAPORE (Oct 3): Singapore Airlines (SIA) has joined hands with private hire car service operator Grab as competition heats up in the transport space.
October 03, 2017
Are ride-sharing companies the new banks?
(Sept 5): In Southeast Asia, mobile banking is taking on a whole new meaning. Last week, Grab, one of the region's top ride-hailing companies, announced that users of its app can start sending credits -- used to pay for rides -- to each other. By the
September 05, 2017
Tech
This ride-hailing app now wants to grab a share of the e-payments pie
SINGAPORE (Aug 31): Ride-hailing firm Grab has signalled its intention to move beyond transportation.
August 31, 2017
Toyota invests in Grab to extend ride-share foray
(Aug 30): Toyota Motor is pushing deeper into the ride-sharing business.
August 30, 2017
Tech
Grab to invest US$100 mil in Myanmar as smartphone use surges
SINGAPORE (Aug 25): Grab, Southeast Asia's biggest ride-hailing app, plans to invest US$100 million ($136.1 million) in Myanmar as it extends its battle with Uber Technologies to capture exploding use of smartphones.
August 25, 2017
Hot Stock
ComfortDelgro shares soar 8.3% on news of potential alliance with Uber
SINGAPORE (Aug 23): Shares in land transport company ComfortDelgro (CDG) have leapt 8.3% to $2.36 at 3.35pm after Tuesday's night announcement of a possible strategic alliance with its competitor, Uber Technologies, on Tuesday.
August 23, 2017
Broker's Calls
Uber collaboration would be a win-win one for ComfortDelGro against Grab: RHB
SINGAPORE (Aug 23): RHB Research is maintaining its “buy” call on ComfortDelGro (CDG) with an unchanged $2.60 price target, after the land transport company yesterday announced its potential formation of a strategic alliance with Uber Technologies in
August 23, 2017