They can either apply for extension or worse case lose money for license revocation 🤦‍♀️ as the one that is most likely would happen would be Aeon as Moneylion has pulled out from the venture itself earlier on

This post has been edited by xander2k8: Dec 21 2023, 12:48 PM

IMPORTANT NOTICE: Revision of the GX Rewards Experience Campaign T&Cs; Fund-In Reward of RM20 cashback ("Reward Category 1") is valid till 7 January 2024.

And Khazanah is not under government of Malaysia???

Whatever said...

Malaysia loss...

GRAB went to Singapore... Become one of the biggest ride hailing apps... Got digital bank license - GX Bank... So on...

All would be beneficial to our country....

Technically, grab has not turned profitable right? So... whether it is really Malaysia loss is still early to say?

Of course, they could have hired more skill worker by having their HQ in malaysia instead of just employ grab riders/drivers, that maybe this is the real beneficial point... oh well... but grab itself may not prove to be profitable investment...? we wait and see?

Nothing to do with govt one sided policy 🤦‍♀️ as Khazanah is supposed to be apolitical when it comes to managing sovereign fund

Also not one of the biggest 🤦‍♀️ of ride hailing apps as it is only biggest in SEA as cannot growth further than that as there bigger players out there like Careem, Ola and Didi Chuxing

How would it be beneficial when it barely making money and unable to pay taxes due to declare losses

Technically they are profitable now only adjusted EDIBTA by quarters but still negative cash flow 🤦‍♀️ so they are not bothering about profitability but positive FCF it is more important

Why they want to go Singapore is simple lowest corporate tax and as financial hub for SEA hence where the money is not Malaysia as they wouldn’t hired more skill workers but instead embracing AI to keep the headcount low otherwise why would think recently fire ppl 🤦‍♀️

The only profitable thing about Grab are their founders cashing out initially

nope, they're still ebitda negative right, but yet, they are worth billions.
but i agree, it is a loss to malaysia especially it is a unicorn.

All startups that goes for IPO have only 1 objective which is cash out.

Already ebitda positive on quarterly basis 🤦‍♀️ during last quarter and now aiming for positive FCF

Is GXBank strict with the 18 years age requirement to open an account?

yes

tomorrow january . not sure will get to apply debit card or not. according to fb, based on users and phases. mostly avoid overcrowded when applying

Digital debit card or physical? Or both?

Anyone experienced money sent sc but sc not receive?

sekat by sc

direct via saving account or via duitnow(phone or ic)?. sc duitnow got issue(system issue). so my money did not receive via phone number. but via acc number no issue. when i go sc and check duitnow registration, it came out an error. already chat with gxbank cs via chat and provided me case number for case escalation. fast service.
so my suspect is sc duitnow issue.(now it say my phone number not in their database)
changed to other bank the duitnow and hope money go there
too lazy to call sc as their cs hard to reach

This post has been edited by ericlaiys: Jan 1 2024, 01:41 PM

Similar issue. Called SCB, they have an issue with instant bank transfer. Have to wait till they solved the issue.

International bank with low standard services

Auto resolve or have to contact them?

Via account number
Phone already registered to gxb

Today?