Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

Grab’s ride-hailing service disrupted across Southeast Asia

Grab Holdings Inc.’s ride-hailing service was having technical difficulties in markets including Singapore, Malaysia and the Philippines on Tuesday with some customers reporting problems with using the app.

“We are currently experiencing a service disruption,” Grab said in a statement in response to questions from Bloomberg News. “Our teams are working hard to fix this and we will provide updates as they become available. We apologize for the inconvenience.”

Grab operates ride-hailing, delivery, and digital financial services in more than 400 cities in eight countries in Southeast Asia.

The Singapore-based company is preparing to merge with Altimeter Growth Gorp., the special purpose acquisition company of Brad Gerstner’s Altimeter Capital Management. Grab has postponed the $40 billion deal — announced in April and one of the largest-ever mergers with a SPAC — to the fourth quarter as it works on an audit of the past three years’ accounts. The company reiterated last week it expects the deal to complete this quarter. – Bloomberg

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Editor's Pick

The Board of Investments (BoI) has cleared Sinoma Energy Conservation (Cebu) Waste Heat Recovery Co. Inc. to serve as the operator of a 4.5-megawatt...

Economy

In the wake of Covid-19, people are working harder than ever. While many of us thought productivity may dip when we started working from...

Economy

Few individuals can resist the temptation to try before they buy; therefore, it was only a matter of time until online casinos realized this...

Forex

At a time when the world is battling to get through the dreaded coronavirus pandemic, protective face masks have come out to be the...

Disclaimer: SecretsOfRichDads.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.