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grab receives taxi operator license in singapore for ten years
The Land Transport Authority of Singapore has granted Grab a Street-hail Service Operator Licence, valid for 10 years from April 9. This allows GrabCab, a subsidiary of Grab Rentals, to operate taxis for both street-hail and ride-hail services, making it the sixth taxi company in Singapore. GrabCab has a three-year grace period to expand its fleet to at least 800 taxis.
GoTo has sold Tokopedia to TikTok, while other major e-commerce players like Shopee and Lazada remain in Indonesia. Grab is pursuing a merger with GoTo, which could streamline operations but may face regulatory scrutiny due to potential market monopoly concerns. Retaining the Gojek brand could enhance local appeal amid competition.
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