Kota Kinabalu: . The ride-sharing and delivery provider gave the forecast for a 45% to 55% increase at its first investor day, trying to reassure shareholders it is on the rebound. Analysts were projecting 49% growth for 2023 on average. The company backed by SoftBank Group Corp also said it anticipates breaking even in the second half of 2024 on a conditional basis, and excluding one-time items.
Grab, long considered one of the rising stars of Southeast Asia, has struggled since it went public through a merger with a special-purpose acquisition company in December. Shares have tumbled more than 70% as the company wracked up losses in the post-Covid-19 era and the stock market soured on unprofitable tech ventures. * Follow us on Instagram and join our Telegram and/or WhatsApp channel for the latest news you don't want to miss.
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Sabah ideal for Chinese investors | Daily Express Online - Sabah's Leading News PortalSabah is an ideal investment hotspot for Chinese enterprises by virtue of its location which serves as an important node of China’s 21st Century Maritime Silk Road (MSR) initiative. Disclosing this at the 73rd anniversary of the founding of the People’s Republic of China yesterday, the China Consul General in Kota Kinabalu said the future of cooperation and exchanges between Sabah and China would be brighter with the establishment of a comprehensive partnership between China and Asean. Huang Shifang said deepening ties between the two countries would encourage more Chinese enterprises to come to Sabah for investment and business development, noting the fields of cooperation are expanding from tourism and infrastructure to high-end manufacturing industries. The event was witnessed by Head of State Tun Juhar Mahiruddin and his consort, Toh Puan Dr Norlidah Binti Tan Sri Datuk R.M Jasni. Riding on the wave of Global Development Initiative and the Belt and Road Initiative, Huang believes relations between Sabah and China would grow stronger in various fields. This year marks the 48th anniversary of diplomatic relations between Malaysia and China. “Sabah is blessed with beautiful scenery, rich resources and harmonious society which provides a good foundation and expands broad prospects for practice cooperation between the two countries,” said Huang who noted she was fascinated by Sabah and the warmth and sincerity of its people
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Sabah won’t follow Federal MM2H | Daily Express Online - Sabah's Leading News PortalTHE State Government will launch the Sabah Malaysia My Second Home (SMM2H) programme soon, said Chief Minister Datuk Seri Hajiji Noor.
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15 MA63 issues still unresolved | Daily Express Online - Sabah's Leading News PortalFIFTEEN issues being monitored by the Special Council on the Malaysia Agreement 1963 (MKMA63) have still not been resolved, said Minister in the Prime Minister’s Department (Sabah and Sarawak Affairs) Datuk Seri Dr Maximus Ongkili.
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