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Sunday, April 2, 2023

Grab unit upbeat on potential for growth

Mr Worachat says that following the easing of the Covid-19 pandemic, the firm continues to have a positive outlook and anticipates significant growth for Grab’s businesses in Thailand.

Grab Thailand is optimistic with regard to its operating profit this year given the business direction of its parent, Nasdaq-listed Grab Holding, which aims to break even.

The local unit plans to focus on sustainable growth thanks to the recovery of its core businesses, especially ride-hailing, with daily service usage slightly surpassing levels posted before the pandemic.

Tourists using Grab’s ride-hailing services last year increased 152% from 2021 after the country’s reopening.

The company’s delivery services are gaining in popularity as users…

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