Singapore News - Both Grab and Gojek on Monday (July 25) confirmed they will extend their fare hikes until Dec 31, taking their cue from other taxi companies which announced similar moves last week. In separate replies to The Straits Times on Monday, the two transport operators said. Read more at www.tnp.sg
Grab and Gojek said the price of fuel remains unstable, and that the fee is necessary to provide stability to drivers’ earnings. Read more at straitstimes.com.
Fitch: Singapore s Big Three Well-Equipped to Take On Digital Banks finews.asia - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finews.asia Daily Mail and Mail on Sunday newspapers.
BusinessGrab to unveil worldâs biggest SPAC merger, valued at nearly $40 bln - sources
Anshuman DagaAradhana Aravindan
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A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Picture taken March 21, 2019. REUTERS/Anshuman Daga/File Photo
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Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp (AGC.O) securing a valuation of nearly $40 billion and paving the way for a coveted U.S. listing.
The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion in 2020.