Automotive behemoth Toyota has just pumped in US$1 billion into South-East Asian e-hailing giant Grab, in what is touted as the biggest ever investment by a car manufacturer. This new funding values Grab at just over US$10 billion, according to a person familiar with the company.
At the 24th International Conference on The Future of Asia, or Nikkei Conference, Malaysian Prime Minister Tun Dr. Mahathir Mohamad said that the country is looking to start a national car project.
Traditionally, many companies hired good looking and scantily clad ladies to staff the exhibition stand, where they were supposed to attract gullible and presumably mostly male punters to find out more about the company’s products or services, and have their badge scanned and thus create a sales lead for the company.
The price of oil is once again on the rise, with benchmark Brent crude hitting over US$80 per barrel for a brief period before rumours of Saudi/Russia production increase saw the price fall back to US$75. The prices are the highest in three years and have sparked an almost ‘global’ increase in the prices of the fuel we pump into our cars.
Imagine losing your teeth just because of a minor dispute that could have been settled amicably. Well, that’s what happened to a certain Mr. Henry He of Singapore who was planning to take a trip from his home with his wife and two children.
When Automologist LING took her driving test in the early noughties, the culture of paying a bit extra was prevalent. So this bit of news from the Transport Ministry of Malaysia is very much welcomed.