Singapore-based Grab Holdings, Southeast Asia’s leading ride-hailing and food delivery app, is cutting 1,000 jobs or 11% of its workforce, its CEO said on Tuesday, citing the need to manage costs and ensure more affordable services long-term. In a letter sent to employees late on Tuesday and seen by Reuters, chief executive Anthony Tan said… Continue reading Singapore’s Grab slashes 1,000 jobs—11% of its workforce
Tag: Strategy
SE Asia, PE deals seen driving up Asia M&A activity in tough market
Dealmaking in Southeast Asia and private equity transactions should help lift Asian mergers and acquisitions (M&A) activity in the second half of the year, bankers said, after deals volume in the first half slumped to the lowest in a decade. Total Asia M&A value for January through June dropped 41% year on year to reach… Continue reading SE Asia, PE deals seen driving up Asia M&A activity in tough market
Saudi Arabia’s strategic plans to safeguard food security for pilgrims
MECCA, Saudi Arabia, June 19, 2023 /PRNewswire/ — Saudi Arabia has successfully managed to achieve an excellent status in the framework of realizing self-sufficiency for several necessary food products before taking up the task of securing food for millions of visiting pilgrims coming from different countries of the world. According to the head of catering… Continue reading Saudi Arabia’s strategic plans to safeguard food security for pilgrims
CYMAT ANNOUNCES PROGRESSION TO PROTOTYPES AND PHYSICAL TESTING ON AUTOMOTIVE COMPONENT
MISSISSAUGA, ON, June 20, 2023 /PRNewswire/ – Cymat Technologies Ltd. (TSXV: CYM) (OTCQB: CYMHF) (the “Company” or “Cymat“) is pleased to announce that it has commenced with the production of prototype automotive components to be followed by physical impact testing for an electric vehicle manufacturer (“OEM”). Cymat has been working with this OEM for almost a… Continue reading CYMAT ANNOUNCES PROGRESSION TO PROTOTYPES AND PHYSICAL TESTING ON AUTOMOTIVE COMPONENT
The 2023 CSCMP State of Logistics Report Indicates Supply Chains Have Adapted to Drive Resilience After Two Years of Global Volatility
READING, Pa., June 20, 2023 /PRNewswire/ — The 2023 State of Logistics Report was unveiled at the Indianapolis Motor Speedway today, with the 34th annual publication finding that U.S. supply chains responded to the global volatility from the past two years by transforming supply chain networks to improve resilience against future disruption. Continue Reading 34th Annual… Continue reading The 2023 CSCMP State of Logistics Report Indicates Supply Chains Have Adapted to Drive Resilience After Two Years of Global Volatility
Hyundai’s plans for EVs, restructuring in China
Hyundai said it would close another plant in China this year. It did not specify which plant. Hyundai Motor, the No. 3 global automaker by sales with its affiliate Kia Corp , outlined plans on Tuesday for a deepened push into battery development, steps to cut the cost of new electric vehicles and a restructuring… Continue reading Hyundai’s plans for EVs, restructuring in China
Skoda Auto enters the realm of NFTs with Skodaverse India
Skoda Auto India has steered into the global Web 3.0 initiative with Skodaverse India, and as a part of the global Skodaverse initiative, Skodaverse India will begin with a platform that enables users to explore, buy and trade NFTs (Non-Fungible Token) online. This initiative aims to build a community of Skoda loyalists to engage, collaborate… Continue reading Skoda Auto enters the realm of NFTs with Skodaverse India
FM Logistic Inaugurates its Control Tower to optimise supply chain operations in India
French contract logistics provider, FM Logistic, inaugurated its first Control Tower (CT) facility in Pune on Tuesday. The Control Tower is part of FM’s strategy to enhance its 4PL and LLP offerings. Jean-Christophe Machet, CEO of FM Logistic, Stéphane Descarpentries, Managing Director, Asia and Strategic Projects, Alexandre Amine Soufiani, Managing Director, FM Logistic Singapore and… Continue reading FM Logistic Inaugurates its Control Tower to optimise supply chain operations in India
Euler Motors opens four new outlets in Delhi-NCR
Euler Motors, an electric vehicle company, elevated its retail presence with the inauguration of its four retail stores in the Delhi NCR region. Euler Motors, with this strategic expansion, aims to cater to the growing demand for commercial EVs in the business and retail spaces, with a specific focus to connect to the retail customer.… Continue reading Euler Motors opens four new outlets in Delhi-NCR
Euler Motors opens four new outlets in Delhi-NCR
Euler Motors, an electric vehicle company, elevated its retail presence with the inauguration of its four retail stores in the Delhi NCR region. Euler Motors, with this strategic expansion, aims to cater to the growing demand for commercial EVs in the business and retail spaces, with a specific focus to connect to the retail customer.… Continue reading Euler Motors opens four new outlets in Delhi-NCR