Singapore's Grab raises annual revenue forecast, shares jump

Quick Summary:

SINGAPORE's Grab Holdings raised its forecast for fiscal 2024 revenue on Monday, as the Southeast Asian tech firm anticipates robust growth in its food delivery and ride-hailing businesses during the busy holiday season.

A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019.

Grab has been attempting to introduce cheaper options for its ride-hailing services to woo price-wary customers.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Forecast /Business/Business News Ride-hailing Corporate News Grab

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 09:46:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 348 words

Reading Time: 2 minutes read

Sentences: 19 lines

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Copyright Owner: © The Star

News ID: 23540412

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