Monthly Spotlight

Grab: Southeast Asia’s New Goliath

On March 26, Grab finally announced its acquisition of Uber’s operations in Southeast Asia, following weeks of speculation.

Prior to the surprise announcement and the subsequent orders by the Competition and Consumer Commission of Singapore (CCCS) to stall the deal, Blackbox polled Singaporeans on their views of Grab’s potential takeover and the possible impact on consumers.

More than a third of Singaporeans (35%) have truly embraced ride-sharing apps, booking rides on Grab or Uber at least once a week. Young working adults between the ages of 25 and 34 are particularly reliant on using these apps to get around (54% use the apps at least once a week).

Prior to the merger, Grab was the preferred player in the market with more than half (57%) of Singaporeans more inclined towards the Singapore-based brand. About one in five (22%) preferred Uber whilst 20% had no favourite.

Whilst three in five (59%) Singaporeans followed the speculation surrounding the merger, a majority (55%) believe that the acquisition will have no impact on consumers. Only one in five (20%) think that there will be a negative impact.

That is not to say that the merger should proceed unmonitored – nearly three in four (72%) feel that the merger should be rejected or reviewed in order to safeguard consumer interests and prevent price hikes.

 

Related Articles

Monthly Spotlight

Singapore’s Open Electricity Market kicked off its soft launch on 1 April 2018 amongst residential households and businesses in Jurong, and will be extended to the rest of island in the second half of 2018. Whilst about three in five (61%) of Singaporeans are aware that there is now a retail electricity market, less than […]

Read More

Monthly Spotlight

Community sentiment in Singapore has fallen across the first few months of 2018. The score for Community Satisfaction fell from 75 points in January to 69 points in April (-6); satisfaction with Personal Finances declined from 69 points to 63 points. Ratings of the National Economy dropped from 75 points to 70 points in the […]

Read More

Monthly Spotlight

With Singapore assuming the rotating chairmanship of ASEAN this year, leaders of the member states have been actively discussing the regional grouping’s priorities and challenges. In late 2017, Blackbox conducted a survey across all ten countries to understand how people in Southeast Asia feel about ASEAN, its impact on their lives as well as its […]

Read More

Top News Stories

Top story in the month of April 2018 was Grab’s acquisition of Uber’s business in Southeast Asia. Nearly nine in 10 Singaporeans (89%) followed the news with 29% paying close attention. Other news which garnered attention was the possible revision of public transport fares and imposition of parking charges in schools.

Read More

Monthly Spotlight

In a recent Parliamentary session, Minister in the Prime Minister’s Office Mrs Josephine Teo shared that Singapore’s total population is likely to be below 6 million by 2020, and “significantly” below 6.9 million by 2030. With the Government stating that it is not expecting any major changes in its immigration policy, more than half of […]

Read More

Monthly Spotlight

Following the Singapore Budget 2018 announcement, Blackbox conducted a survey to find out how Singaporeans felt about the overall plan and key highlights. Almost all Singaporeans (92%) followed the Budget and its subsequent news coverage, with nearly one in three (31%) paying close attention. In comparison to the 2017 Budget, more than half of those […]

Read More

Top News Stories

Top story in the month of March 2018 was the Singapore Budget 2018 announcement. Nine in 10 Singaporeans followed the news with 29% paying close attention. Other news which garnered attention was the announcement of higher taxes for airlines and travellers at Changi airport and the Australian rockmelon recall amongst others.  

Read More

Monthly Spotlight

Over the last two months, Prime Minister Lee Hsien Loong and Deputy Prime Minister Tharman Shanmugaratnam have highlighted the dangers of Singapore’s rising income inequality on separate occasions. These concerns are shared amongst Singaporeans, with 4 in 5 (81%) worried about the widening income gap. Youths (90%) and young working adults (86%) are more likely […]

Read More

Monthly Spotlight

Coinciding with ASEAN’s 50th anniversary, Blackbox conducted a survey across all ten countries in October 2017. The findings revealed how people in Southeast Asia feel about ASEAN, its impact on their lives as well as its future development and progress. A specific look at Singaporeans show that whilst they are mostly contented with the state […]

Read More

Monthly Spotlight

Veteran MP and Senior Minister of State for Health and Transport Dr Lam Pin Min stirred a public discourse recently when he wrote an appeal letter to the High Court, seeking a lighter sentence for one of his constituents. Some argued that MPs, as law-makers, should not interfere in the enforcement or interpretation of law. […]

Read More