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Grab took a hit of more than 500 basis points on both revenue and gross merchandise value as Southeast Asian currencies weakened against the U.S. dolla Singapore's Grab misses quarterly revenue ...
(Reuters) -Singapore's Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing ...
By Yuvraj Malik (Reuters) -Grab Holdings forecast a smaller operating loss for the current year and pulled forward its profitability timeline on Wednesday, as cost savings from its recent ...
Grab Holdings Inc. is a Singaporean multinational technology company headquartered in One-North, Singapore. It is the developer of a super-app for ride-hailing , food delivery , and digital payment services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.
The Straits Times claimed that Singapore was the second city in the East with a taxi service, after Calcutta. [16] In 1919, The Singapore Motor Taxi Cab and Transport Co. Ltd., which planned to work with the municipal government to set up a taxi service, was proposed, [17] but the plans fell through. [18]
Congestion pricing was developed as a first-best solution, based on the assumption that the optimal price of road space equals the marginal cost price if all other goods in the economy are also marginal cost priced. In the real world this is not true, thus, actual implementation of congestion pricing is just a proxy or second-best solution.
Singapore ride-hailing firm Grab Holdings said it is cutting over 1,000 jobs or 11% of its workforce to cut costs and keep the company competitive, in its biggest round of job cuts since the pandemic.
(Reuters) -The Competition and Consumer Commission of Singapore (CCCS) on Monday raised competition concerns about a plan by Southeast Asian ride-hailing company Grab to acquire Singapore's third ...