Author: Yimie Yong
Philippine government, Grab working to legalize motor taxis – report
GrabCar operates in 25 cities while GrabFood provides services to more than 100 cities nationwide, according to the report.
Indonesia issues more tax incentives for EV sales – report
The Indonesian government aims for 600,000 EVs to be domestically produced by 2030. That would be more than 100 times the number sold in Indonesia in the first half of 2023.
Malaysia’s national car Proton hints about launching new energy vehicles soon – report
Proton Car is the national car brand of Malaysia. The brand was established in the early 1980’s at the behest of the Malaysian government, and later reverted to semi-private ownership under DRB Hicom. In May 2017, Zhejiang Geely Holding Group and DRB-Hicom signed a deal that will see Zhejiang Geely Holding Group buy a 49.9 percent stake in Proton Cars.
TikTok still violates Indonesian in-app transactions ban, says minister – report
Teten Masduki, the Indonesian minister for small and medium enterprises (SMEs), told reporters that TikTok still had not complied with the regulation.
Singapore’s Carousell Co-Founder Lucas Ngoo to step down
Ngoo said he will continue to have full vested interests in the success of Carousell as a co-founder, board director and shareholder, and have full confidence in our business and leadership team.
Singapore to invest over $743M in AI over the next five years – Budget 2024
"To support this strategy and further catalyse AI activities, I will invest more than $1 billion over the next five years into AI compute, talent, and industry development," Wong, who is also the Minister for Finance, said as he delivered Singapore’s FY2024 Budget Statement.
GoTo denies merger talks with Grab – report
The news came after Bloomberg reported last week that the companies had restarted discussions for a merger.
Foodpanda’s parent Delivery Hero denies sale talks have collapsed – report
“There are market rumours that the negotiations for the potential sale have collapsed,” Deliver Hero said in a statement, according to the report. “We confirm that the negotiations for the potential sale are ongoing.”
Vingroup plans to invest in Philippine market, starting with establishment of VinFast’s network of EV & motorcycle dealerships
VinFast will lead the way for Vingroup's investments in the Philippines in 2024, commencing with the establishment of a network of electric car and motorcycle dealerships.
Malaysia’s Khazanah in talks to lead Softbank-backed OYO Hotel’s $400M fund raise – report
Talks are still ongoing and Khazanah can still decide to not invest, Bloomberg reported.
