Transportation
Grab plans biggest job-cut round since pandemic – report
Last month, Grab said it is ‘on track’ to achieve breakeven by the fourth quarter after its losses narrowed in the first quarter.
Grab launches new features for Southeast Asia travellers
Grab, Southeast Asia’s leading superapp, has on Monday announced new in-app travel innovations and partnerships to give travellers a safe, seamless and hyperlocal experience as Southeast Asia embraces a travel comeback.
Grab retires $600M in 2026 debt with extra cash – report
The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to $517 million, down from the previous balance of $1.117 billion. Grab also has about $200 million in other bank debt.
Indonesia to provide incentives to boost EV sales, attract investment – report
Indonesia is always keen to develop domestic EV production facilities to take advantage of its rich nickel reserves, an important material to produce EV batteries.
Grab has liquidity to drive operations, says S&P Global Ratings
The stable rating outlook on Grab reflects S&P Global Ratings' view that the company will maintain sufficient liquidity to tide it through until it reaches positive EBITDA and cash flow by 2025.
Malaysian Government drafting strategic framework to develop EV charging infrastructure – report
The EV industry has become one of the hottest sectors among Southeast Asian countries. Often seen as the future of automobile, neighboring countries Indonesia and Thailand has hoped to become EV regional hubs, luring car makers from Japan, South Korea and the US to invest and build factories here. Countries including Malaysia and Vietnam have started to…
India’s Zoomcar appoints Delly Nugraha as Country Head for Indonesia
Zoomcar, the India-based marketplace for car sharing, has on Wednesday announced the appointment of Delly Nugraha as its Country Head for Indonesia. Indonesia is expected to be the second largest market for Zoomcar after India and Delly in his new role will be responsible for all aspects of growth, operations, and to build the company’s best achievement in…
ESG brings color back into the business model, says VinFast Director of ESG Dr. Morgan Carroll [ORIGIN Innovation Awards Q&A]
At VinFast we envisage an ecosystem unit that is neutral in nature and compliments stakeholder environmental sentiments.
Grab’s 3Q revenue up 143 percent year on year to $382M
Singapore-based super app Grab announced Thursday that its revenue surged 143 percent year on year to $382 million in the third quarter ended September 30, driven by strong growth in mobility and deliveries revenue. The firm has achieved segment adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) breakeven for overall…
