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Grab Malaysia expands investment in Sarawak

Grab Malaysia has signed a Memorandum of Understanding (MoU) with the Sarawak Digital Economy Corporation Berhad (SDEC) to advance digital transformation in Sarawak.

The partnership aims to boost tourism and support local small businesses by improving digital accessibility and economic opportunities.

The collaboration will leverage Grab’s platform to promote Sarawak as a prominent tourism destination in Southeast Asia.

Traditional merchants in the region will receive assistance in digitalizing their operations, increasing their customer reach and income potential.

The agreement also plans to enhance sustainable tourism by expanding electric vehicle (EV) use for transportation within the state.

Recent Grab developments

Timeline
21-Feb-2025 📉 Grab’s future: AI, automation, and maybe no drivers?
  • Grab shares drop 10% post Q4 2024 results
  • Plans for AI and AVs dominate earnings call updates
20-Feb-2025 📊 Grab’s financial health in 8 charts
  • Grab leads Southeast Asia in superapp services.
  • Quarterly charts detail company performance metrics.
20-Feb-2025 🚀 Grab’s Q4 profit falls to $27m but beats analyst estimates
  • Grab posts Q4 net profit of $27M, down from $35M
  • Revenue rises 17% to $764M, beats analyst estimates
13-Feb-2025 🔊 Grab’s in-app recording feature raises privacy issues
  • Grab’s AudioProtect alerts raised user concerns
  • Feature now enabled by default, critics remain unsatisfied
06-Feb-2025 🐿️ Grab-GoTo deal buzz returns: why it might be real this time

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