Grab, which was founded in 2012, moved its headquarters to Singapore in 2014.
He gave the example of ride-hailing firm Grab, which is touted as the largest e-hailing company in Southeast Asia, valued by Forbes at close to US$6 billion . “We want to stop people from stealing our jewels, which are great start-ups. We want more great start-ups to take root in Malaysia so we can be proud of them,” he added.Its CEO Nizam Mohamed Nadzri said it is looking for “the next Grab” start-up as well as keeping an eye out for tech companies which have difficulty getting loans from banks.
MDV Bhd chairman Lee Kah Choon says he does not want to see more local start-ups leave for greener pastures elsewhere.
Kudsia_Kahar Grab was the founders’. Didn’t belong to a country.
E-hailing companies require billions of investment w/out a commitment to profitability. Best to generate preferential public policies which benefits local-based corporations.