Market

Grab Agrees World’s Biggest SPAC Merger, Valued at US$40bil

Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly US$40 billion and paving the way for a coveted U.S. listing. The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as …

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The Suez Crisis Is Over. Now Time to Add Up the Damages

Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here. The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning. With cargoes delayed for weeks if not months, the blockage could unleash a flood of claims by …

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Police Raid Bitcoin Mining Premises for Electricity Theft

NILAI (March 24): Police busted a syndicate stealing electricity supply to carry out Bitcoin mining activities in raids on nine premises here yesterday which resulted in a seizure of RM1.6 million. District Police chief Supt Mohd Fazley Ab Rahman said the integrated operation in collaboration with Tenaga Nasional Bhd (TNB) and the Negeri Sembilan Police …

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