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Startups, Entrepreneurs, Digital economy
Singapore regulator says Uber app to delay shutdown amid competition review
SINGAPORE (Apr 6): Singapore's competition watchdog said Uber will delay the ride-hailing app's shutdown in the city-state by a week to April 15.
April 06, 2018
Broker's Calls
ComfortDelGro outlook remains rosy even as Uber tie-up comes under threat: OCBC
SINGAPORE (Apr 6): OCBC Investment Research is keeping its “buy” call on ComfortDelGro (CDG), while leaving its forecasts and fair value estimate of $2.25 unchanged for now as the Competition Commission of Singapore (CCS) continue to review Uber and G
April 06, 2018
Startups, Entrepreneurs, Digital economy
Malaysia puts Grab on anti-competition watchlist after Uber stake buy; Philippines studying possible impact of deal
KUALA LUMPUR (Apr 2): Malaysia said on Monday that it will monitor ride-hailing firm Grab for possible anti-competitive behaviour, after rival Uber Technologies offloaded its Southeast Asian operations to the Singapore-based firm.
April 02, 2018
State of the City
Uber’s sale of Southeast Asia operations to Grab leaves drivers, riders at a loss
SINGAPORE (Apr 2): The 500 Uber employees who turned up for work at the company’s Singapore offices on March 26 received a rude shock: They had till 4pm to pack up and leave. The ride-hailing giant’s sale of its Southeast Asia operations to its rival
April 02, 2018
Startups, Entrepreneurs, Digital economy
Grab vanquishes Uber with local strategy, billions from SoftBank
SINGAPORE (Mar 27): As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focused on serving the 620 million people that share its home in Southeast Asia.
March 27, 2018
M&A
Grab confirms acquisition of Uber's Southeast Asia operations; Uber CEO Khosrowshahi to join Grab's board
SINGAPORE (Mar 26): Grab confirmed it will be acquiring Uber’s Southeast Asia operations.
March 26, 2018
M&A
Uber reportedly agrees to sell Southeast Asia business to Grab after costly battle
SINGAPORE (Mar 25): Ride-hailing firm Uber Technologies has agreed to sell its Southeast Asian business to bigger regional rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the US company's second retreat from A
March 25, 2018
Sector Focus
Regulatory changes expected to drive earnings for Singapore's land transport sector
SINGAPORE (Mar 22): Phillip Capital is maintaining an “overweight” for Singapore’s land transport sector on regulatory reviews and changes with ComfortDelGro (CDG) its top “buy” pick with a $2.50 target.
March 22, 2018
Broker's Calls
Acquisition of Uber by Grab could clear the speed bumps for ComfortDelGro
SINGAPORE (Mar 9): Maybank Kim Eng is maintaining its “buy” call on ComfortDelGro with a target price of $2.35.
March 09, 2018
Uber to renew push to expand in Japan with taxi partnerships
(Feb 21): Uber Technologies Inc. isn’t ready to give up the world.
February 21, 2018