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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.
April 13, 2018
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.
April 11, 2018
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.
April 02, 2018
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
November 28, 2017
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.
June 06, 2017