Tag "Grab"

Grab to Layoff 1,000 Employees, Stresses Its Not a “Shortcut to Profitability”

Singapore-based tech giant Grab Holdings will be laying off 1,000 of its employees in a “painful but necessary step” according to an email extract that CEO Anthony Tan had sent out company-wide yesterday. He stressed that the decision was not

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Grab’s Co-Founder Tan Hooi Ling to Step Down by Year End

Southeast Asian superapp Grab announced that its co-founder Tan Hooi Ling intends to step down from her operating roles, including her directorship, by the end of 2023. Tan, who had co-founded Grab with Group CEO Anthony Tan in 2012, has

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LinkedIn Ranked DBS, StanChart, Grab as Best Workplaces to Grow a Career in Singapore

LinkedIn, a business and employment-focused social media platform, has ranked DBS Bank as the best workplace to grow a career in Singapore. The 3rd annual LinkedIn Top Companies also featured other financial institutions including Standard Chartered Bank, Mastercard, Citi, Grab,

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Grab’s CFO Peter Oey Sells Stake Worth US$1.1 Million

Grab’s Chief Financial Officer Peter Oey has sold his stake in the Southeast Asian superapp worth US$1.1 million according to a report by Bloomberg. Oey and, one affiliated person Eve Oey, sold 341,202 shares at an average price of US$3.17

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Grab Prepays US$600 Million in Debt Ahead of 2026 Maturity

Southeast Asian superapp Grab has prepaid US$600 million (S$806.82 million) in debt ahead of a 2026 maturity as it had excess cash on its balance sheet, according to a report by Bloomberg. This move brought down its debt under an outstanding

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Grab Singapore Appoints Parliament Member for Public Affairs and Policy Role

Ride-hailing giant and superapp Grab has appointed Member of Parliament (MP) Tin Pei Ling as its Director of Public Affairs and Policy for Singapore. Tin had begun serving in her new role in January and her new appointment came to

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Grab Promotes Philipp Kandal to Chief Product Officer

Southeast Asian superapp Grab announced that it has promoted Philipp Kandal to Chief Product Officer, effective 1 February 2023. As Chief Product Officer, Philipp will oversee the product, design and analytics teams as well as lead the product vision and

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Grab Taps Alejandro Osorio to Lead Its Next Phase of Growth in Vietnam

Southeast Asian superapp Grab announced the appointment of Alejandro Osorio as its Managing Director in Vietnam. In his new role, Alejandro will be overseeing the business strategy and operations across all of Grab’s businesses in the country. Alejandro most recently

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Top 5 Most Popular Financial Super Apps in Asia

In Asia and elsewhere, financial super apps (also known as fintech super apps) are mobile applications that offer a wide range of financial services, including banking, investment, and insurance. These apps have gained popularity in recent years due to their

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Are Digital Banks Breeding a Risky Competitive Climate in Singapore?

Technological developments have accelerated the transformation of financial services, leading to the explosion of digital banks worldwide. In Singapore, the entry of digital banks into the local financial system is driving economic innovation and enhancing financial inclusion, according to a

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