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Grab agrees world’s biggest SPAC merger, valued at US$40bil

SINGAPORE (Reuters) – Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly US$40 billion and paving the way for a coveted U.S. listing. The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street […]

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Philippines: Car sales rise 88% in March

MANILA, Philippines — The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) yesterday said sales rebounded in March with an 88 percent growth from the same month a year ago. Compared to the previous month, however, vehicle sales declined by 21 percent. A joint report released yesterday showed combined sales of the CAMPI and […]

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Thailand: Mobile service key to GSB’s social goals

State-owned Government Savings Bank (GSB) is poised to ramp up its full-fledged mobile banking development plans to accommodate its ambitious role as a social banking provider. President and chief executive Vitai Ratanakorn said the ultimate goal as a social bank is to narrow social disparity and reduce poverty in the country through lending and other […]

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