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Indonesia's President Prabowo Subianto announced a mandatory Eid holiday bonus for online motorcycle taxi and delivery drivers during a press conference on March 10. The bonuses, which will be determined by the Ministry of Manpower, are to be distributed in cash and reflect drivers' activity levels. This announcement comes amid discussions of a potential merger between Gojek and Grab.
Russell Cohen, Grab's group managing director of operations, is leaving the company after nearly eight years to become CEO of Pexa, a digital property settlement platform in Melbourne. Cohen joined Grab in 2017, contributing to its evolution into a multi-vertical super app, and expressed gratitude for the support from the leadership and team.
Lazada is leveraging Alibaba’s Qwen, while Shopee partners with OpenAI to explore AI agents in Southeast Asia. Analysts suggest Alibaba could significantly impact the region by reinvesting in Lazada, similar to its US$1.8 billion investment in 2023, potentially introducing Cainiao’s autonomous robots to local warehouses. Meanwhile, Amazon plans to invest US$25 billion this year in AI robotics, aiming to enhance its ecommerce operations and save up to US$10 billion annually through smarter warehouses.
Grab is making significant strides in the autonomous vehicle (AV) sector, with plans for a hybrid AV-human fleet and a focus on AI to enhance its advertising business. Despite a revenue increase in its financial services, the segment remains unprofitable, raising concerns among analysts. Meanwhile, Indonesia has launched a Temasek-like investment arm, Danantara, with an initial funding of $20 billion aimed at driving economic growth through large-scale projects.
Anthony Tan
People
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