$Grab Holdings (GRAB.US)$ this could be a guiding ruling for...

Red Guppy : That guide is for the US market in USD. In ASEAN Countries it is hard to set at such a high rate. No company can survive with such a rate. At the end the customers are going to pay for it.

TRIUMPHANT RETURNS OP Red Guppy : you never know if government, ngo, labour unions is going to leverage on this landmark ruling

Red Guppy TRIUMPHANT RETURNS OP : They will lobby for minimum pay but not that high as the US32.50 rate. If you convert to local currency it will be too hefty for Grab to pay. eg. In Msia if you convert it becomes MYR140 per hour. Driver will be very rich. Hailing companies will hardly survive.