ride-hailing

Singapore watchdog sets interim terms for Uber-Grab deal

SINGAPORE (Apr 13): Singapore's competition watchdog on Friday outlined a number of interim measures as it continued investigation into ride-hailing firm Grab's decision to buy Uber Technologies' business in the city-state.

Fintech

Allianz becomes Go-Jek's sole international insurance shareholder with US$35 mil investment

SINGAPORE (Apr 11): Financial services provider Allianz says it has invested US$35 million ($45.8 million) in Indonesian ride-hailing platform Go-Jek through its digital investment unit, Allianz X.

Startups, Entrepreneurs, Digital economy

Indonesia says Go-Jek, Grab need to register as transport businesses

JAKARTA (April 2): Ride-hailing companies Go-Jek and Grab must register in Indonesia as transport companies within two months to ensure they meet safety requirements as a public transport provider, Indonesia’s transport minister said on Monday.

Broker's Calls

Comfort-Uber alliance 'necessary in the long run' despite likely earnings dilution: UOB

SINGAPORE (Nov 28): UOB Kay Hian is maintaining its “buy” call on ComfortDelGro (CDG) with a target price of $2.25, which is based on a long-term average P/E of 16.6 times, pending more details on the land transport operator’s upcoming alliance with
Grab - by Bloomberg

Grab likely to raise funds in near future

(June 6): Ride-hailing firm Grab, Uber Technologies Inc's largest rival in Southeast Asia, is likely to embark on a round of fundraising as it works to develop new offerings such as financial services, its chief executive told Reuters on Tuesday.
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