🐂🍺Congrats on the listing
Singapore hawker culture is struggling during the pandemic period with tightened restrictions and going digital was one of the ways to help the hawker community to stay afloat. For a homegrown company, $Grab Holdings (GRAB.US)$ had extended support and taught the hawkers a new skill set by going digital to extend reach to more customers. I'm proud to see it go public similar as $Sea (SE.US)$ and hope it will continue to support small businesses across South East Asia 🍀
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102935402_ : Are you sure Grab was helping our hardworking hawkers with providing them a new skill, or profiteering from their already very thin margins? If Grab is such a social enterprise, then why are there complaints from Hawkers about the high fees imposed on them, especially during LockDown periods, and even had to involved MP Foo Mee Har raising a question in Parliament, back in May 2020, asking “if guidelines or legislation can be considered to lower the commission fees charged by third-party delivery platforms, so as to foster a ‘more equitable partnership’.”… ?!??
102872488 : homegrown? where?
甜心0121 OP 102935402_ : Businesses still have to make profits. Grab is still a business vehicle and not a social enterprise but I am totally agreed with the MP on her view in controlling the profit margin. There should always be competition to ensure the market is fair. There will always be two side of view and you might disagree that Grab has helped the hawkers. Cheers
cryptostock : homegrown? uh it's actually a Malaysian company if you didn't read up on it, but Temasek Holdings has got a good investment in it
甜心0121 OP cryptostock : Thanks for the info
scotty19 : hey