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Grab – A missed opportunity for Malaysia


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. ....

United States , Hong Kong , Malaysia General , Pakatan Harapan , Carmelo Ferlito , Southeast Asia , Lee Heng Guie , Perikatan Nasional , Dewan Rakyat , Permodalan Nasional Bhd , Holdings Inc , Cradle Fund Sdn Bhd , Economic Affairs , Institute For Democracy , Economic Research Centre , Altimeter Growth Corp , Grab Holdings Inc , Malayan Banking , Altimeter Capital , Finance Ministry , Market Education , Wong Wai Ken , கருப்பு பாறை , ஒன்றுபட்டது மாநிலங்களில் , ஹாங் காங் , மலேசியா ஜநரல் ,