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YOU WONT BELIEVE: 4 - You Need To See This

Line Man in talks to acquire Foodpanda in Thailand

Food delivery unicorn Line Man Wongnai is in talks to acquire Delivery Hero SE’s Foodpanda in Thailand as it plans for a stock-market debut in the next few years, according to people familiar with the discussions.

Bangkok Post

Grab focuses on long-term journey

Amid economic uncertainty and a spending slowdown, super-app Grab projects the industry is moving towards new business practices where price wars become less intense, focusing instead on building customer loyalty and broadening customer segments.

Bangkok Post

Baggage handlers told to speed up

The Transport Ministry has ordered baggage-handling companies at Suvarnabhumi airport to speed up their services after receiving complaints from people who had to wait up to 90 minutes to collect their luggage.

Bangkok Post

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Buy now, pay later lures apps and e-marketplaces

Super apps and e-marketplaces are making a foray into buy now, pay later (BNPL) services in Thailand to stimulate consumption amid economic headwinds and stagnant inflation.

Bangkok Post

Grab enlisted to ease Suvarnabhumi airport taxi woes

Airports of Thailand Plc (AoT) plans to work with the ride-hailing app Grab to solve the shortage of taxi services at both Suvarnabhumi and Don Mueang airports.

Bangkok Post

Gig workers left to go it alone

On a busy Thursday afternoon in downtown Bangkok, 800 motorcycle delivery drivers clad in iconic green vests converged to protest in front of Grab headquarters on Phetchaburi Road to air their frustration towards its new policy which requires drivers to book a time slot and area to work in.

Bangkok Post

Grab announces new head of Thailand

Grab, an on-demand super-app available in Southeast Asia, has promoted executive director Worachat Luxkanalode to be the new country head of Grab Thailand, effective from today.

Bangkok Post

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Suvarnabhumi airport's plan to lure back taxis

Taxi drivers at Suvarnabhumi airport are demanding the airport raise service fees and fares to lure back drivers to solve the problem of a taxi shortage.

Bangkok Post

Elon Musk Twitter Case Deposition Delayed, FTX US Goes Shopping, Spotify's Analyst Sees Audiobooks Immaterial: Top Financial Media Stories Tuesday, Sept. 27

Bloomberg

Benzinga

Line Man Wongnai raises $265m in Series-B funds

Line Man Wongnai, a food delivery service operator, has raised US$265 million in Series-B fundraising, enabling its valuation to surpass $1 billion and thereby achieving unicorn status.

Bangkok Post

GrabMart to woo more small merchants

Grab, an on-demand superapp available in Southeast Asia, is sharpening its focus on "Quick Commerce" by ramping up efforts to attract small-sized merchants to its GrabMart platform to drive growth in this high-potential segment.

Bangkok Post

Grab, Singtel join Singapore’s digital bank battle next week

Grab Holdings Ltd and Singapore Telecommunications Ltd plan to roll out a banking app next week, joining tech giants like Jack Ma’s Ant Group Co in taking advantage of the country’s fintech liberalisation.

Bangkok Post

Co-payment spurs online food delivery

The new phase of the "Khon La Khrueng" co-payment scheme, scheduled to start next month, is expected to spark fresh competition in online food delivery services with leading market players Grab, Line Man Wongnai and Foodpanda rolling out campaigns to reduce their commission fee, known as gross profit (GP), throughout…

Bangkok Post

Easy loans for all

Major banks have continued to tap the underbanked, aiming to promote financial inclusion and further expand their customer base.

Bangkok Post

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Bangkok Post

Heatwave fee for Asia's gig workers does little to cool climate stress

HO CHI MINH CITY/BANGKOK: As a heatwave engulfed northern and central Vietnam earlier this month, customers reaching for their phones to order food or a ride on the Grab app learned they would have to pay a surcharge.

Bangkok Post

Root out rogue cabbies

Whether you're a local or tourist in Bangkok, hailing a meter taxi is a game of cat and mouse. Will you get an honest cabbie who goes by the meter? Will the driver return your full change at journey's end?

The Guardian - UK

From eureka moment to global domination: a timeline of Uber’s aggressive expansion

As the Uber files shine a light on activities at the height of the app’s growth, we look at how it started and where it stands today

Bangkok Post

Grab profitability imminent

Grab Thailand is aiming to attain profitability next year, which marks a decade of operations in the country, driven by its ride-hailing services and online grocery shopping.

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Al Jazeera

In Philippines, fears for labour rights as Marcos takes power

Labour organisers are sceptical that incoming president will prioritise better working conditions in the gig economy.

Bangkok Post

Thousands of GrabBike taxis to be ordered off the road

Hundreds of thousands of regular passengers of GrabBike will be looking for alternative transport after the unregistered motorcycle taxis are removed from service in mid-July by order of the Department of Land Transport (DLT).

Benzinga

Why Grab Holdings Shares Are Trading Higher

Grab Holdings Limited (NASDAQ: GRAB) shares are trading higher after the company announced the launch of GrabMaps.

Benzinga

Grab Loses Two Top Fintech Veterans Amid Its Business Restructuring: Reuters

Grab Holdings Limited (NASDAQ:GRAB) lost two top executives in its fintech business, adding to other senior departures as the Southeast Asian ride-hailing and delivery firm rejigs the critical unit at the loss-making group, Reuters reports. Chris Yeo, who headed Grab's payments and rewards business and has been with the company for nearly…

Benzinga

Why Grab Shares Are Soaring Today

Grab Holdings Limited (NASDAQ:GRAB) reported first-quarter FY22 revenue growth of 6% year-on-year to $228 million. Mobility segment acceleration and strong core food and groceries growth drove the growth as it expanded its merchant selection and contributions from Jaya Grocer. Revenue for Deliveries rose 70% Y/Y to $91 million, driven by continued growth in…

Bangkok Post

Grab sets out growth plans

Food delivery and ride-hailing company Grab has vowed to focus more on working with small restaurants, expanding its adult user base, providing loans for drivers and eateries, and driving customer subscriptions as part of its strategy to pursue sustainable growth.

StockNews.com

Do Not Buy the Dip: Grab Holdings and Wayfair

The stock market has suffered massive selloffs of late on growing worries about logistical disruptions, rising energy prices, galloping inflation, and forthcoming federal interest rate hikes. While stock price dips can offer attractive entry points to quality names, we think it could be wise to avoid fundamentally weak Grab Holdings…

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