LEMON BLOG

It looks like Southeast Asia's ride-hailing and delivery giants might finally be getting closer to a merger—or at least, the conversation is heating up again. According to sources familiar with the situation, Grab Holdings Ltd has begun due diligence on Indonesian tech rival GoTo Group, signaling that the Singapore-based company is seriously considering an acquisition.

A recent report by EconWorks, a local economic consultancy, highlights the significant impact of Grab's services on Malaysia's economy. In 2023 alone, Grab contributed RM9.9 billion, accounting for approximately 0.5% of the nation's Gross Domestic Product (GDP).