Grab Holdings, the leading ride-hailing app in the Philippines, is facing potential suspension after a Vietnamese woman reported being robbed and sexually assaulted by a driver. The incident has sparked concerns about passenger safety and raised questions about Grab’s security measures.
Southeast Asian ride-hailing giant Grab Holdings is set to add over 1,000 electric vehicles (EVs) to its Indonesian fleet, primarily sourced from Chinese automaker BYD. This expansion, fueled by a growing commitment to sustainability, will bolster Grab’s existing fleet of over 10,000 electric two- and four-wheelers. The move follows a similar strategy by Uber, which has partnered with BYD to introduce 100,000 EVs globally. Grab’s recent financial results showcase strong revenue growth and a growing user base, reflecting its commitment to innovation and expansion.
Grab Holdings Limited (GRAB) reported mixed fiscal second-quarter 2024 results, missing revenue expectations but exceeding adjusted EBITDA estimates. The company’s stock price dropped significantly following the announcement.
Despite challenges, three promising stocks offer attractive possibilities for long-term gains: Grab, inTest, and Himax Technologies.
