Southeast Asia’s ride-hailing giants Grab and Gojek are in talks for a potential merger, with Gojek possibly valued at over US$7 billion, offering shareholders a 20% premium. Maybank Investment Bank highlights significant synergies, estimating cost savings of up to US$209 million by 2027, despite regulatory challenges from the Indonesian Competition Commission. If the deal goes through, it could reshape the region’s tech landscape, with Grab solidifying its dominance and Gojek securing a stronger position in Indonesia.
Full Article
COE quota to increase by 2.6% for August to October
The Land Transport Authority (LTA) of Singapore announced a 2.6% increase in the supply of Certificates of Entitlement (COEs) for the period from August to October, raising the total to 18,701. Bidding under this new quota will commence on August 4, with significant increases in Category E and adjustments based on vehicle deregistrations and population changes anticipated. Want More Context? 🔎
Read more