PETALING JAYA: The news about South-East Asia’s first decacorn, Grab Holdings Inc, to be listed in the United States in a massive near-US$40bil (RM165.16bil) deal is a big loss for Malaysia. “Super-app” Grab, known for its diversified services from ride hailing and food delivery to online banking, is a classic case of how a startup incubated in Malaysia was eventually lost to a neighbouring country. Today, its valuation is more than double the market capitalisation of Malayan Banking Bhd , which is the country’s largest listed company. The exit of companies with high potential such as Grab is indirectly a sign of lack of confidence in the domestic market and there is a pressing need for the government to address the issue.