Analysis

Gojek’s Vietnam exit signals rise of domestic rivals, opens opportunities for Grab

Local rivals Xanh SM and Be Group have overtaken Gojek in Vietnam.

Analysis

GoTo to retire Vietnamese operations as part of focused growth strategy

GoTo's presence is now limited to home country Indonesia and Singapore.

Analysis

Tech stars Grab, GoTo, Sea fail to impress investors by merely trimming losses

Shares of Grab and GoTo are down 2% and almost 40%, respectively, this year.

Policy & Regulations

SG Digest: Labour rules for platform workers; government grants via blockchain

The labour rules for gig workers will kick in from Jan 1, 2025.

Analysis

Editor’s take: The week that was — Aug 12-17

It was an action-packed week with some big Q2 numbers, deal reviews, and acquisitions.

Analysis

Grab taps strategic partnerships, new offerings to outpace rivals

Successful M&As across business verticals will help Grab consolidate its market position.

Earnings and Results

Grab narrows losses by 54% in Q2, revenue up 17%

Grab reported positive adjusted EBITDA of $64 million in Q2 2024.

People

Singapore tables new bill to protect platform workers

As of November 2023, the number of regular platform workers in Singapore stood at about 70,500.

Analysis

Indonesian cab operator Blue Bird may offer a ride to new investors

The company is currently focusing on ramping up both the taxi and non-taxi businesses.

Deals

Grab calls off proposed acquisition of Singapore taxi operator Trans-cab

The companies have notified Singapore's competition commission of the move.