OJK says many foreign investment products offered on super apps are in the form of securities issued by entities abroad which are outside its authorit.
Grab Holdings Ltd, Southeast Asia's largest ride-hailing and food delivery company, anticipated a rebound in its rideshare and food delivery businesses as economies recover from a pandemic-related dip on Thursday, sending its U.S.-listed shares up 32%. The company's rideshare business, which was hampered by pandemic-related limitations in some locations, is reviving as offices reopen. 'Our business will continue to strengthen as more countries shift to living with Covid-19,' said CEO Anthony Tan, who added that the first-quarter results demonstrated the 'resilience of Southeast Asia's economy as we get through the worst of the pandemic limitations.' As consumers continue to shop
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By Nivedita Balu (Reuters) -Grab Holdings Ltd, Southeast Asia's No. 1 ride-hailing and food delivery firm, on Thursday forecast a rebound in its rideshare