PM Anwar received a visit from Grab's co-founder, to discuss investment potential in Malaysia
February 28, 2024 19:29 MYTH
Anwar said during the meeting, he was presented with the potential investment by Grab in Malaysia. - Anwar Ibrahim's FB photo
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim today received a courtesy visit from the Co-Founder and Chief Executive Officer of Grab Holdings Inc, Anthony Tan.
Anwar said during the meeting, he was presented with the potential investment by Grab in Malaysia.
"This is related to businesses such as Grab and Jaya Grocer.
"In addition, the operation of GX Bank (in Malaysia) is expected to involve an investment of RM1.5 billion for the next five years," Anwar said in a post on his Facebook page today.
GX Bank Bhd is a digital bank in Malaysia formed through a joint venture between Grab Holdings Ltd and Singapore Telecommunications Ltd (Singtel).
Apart from that, he said, the meeting also discussed how Grab can grow with a business model that can help Malaysian society and businesses increase opportunities to generate income.
"Hopefully, brother Anthony's tenacity will be an incentive to other Malaysian children, especially those interested in venturing into the field of technology entrepreneurship," said Anwar.
Tan is a Malaysian-born entrepreneur who successfully founded a technology company listed on the Nasdaq Stock Exchange, United States.
Grab now has a market capitalization of US$12.34 billion (1US=RM4.75).
