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Grab helps Indonesia to be largest digital economy in SE Asia
- Tuesday | 30th July, 2019
SoftBank, which invested US$1.46 billion in Grab earlier this year, will seek to grow its presence in Indonesia. As part of Grab’s long-term commitment to Indonesia, the company also announced plans for a second headquarters in Indonesia. Indonesia Coordinating Minister for Maritime Affairs Luhut Binsar Panjaitan said, “Supported by the growing economy, Indonesia has a good investment climate where we are working together to boost the ease of investment in Indonesia. Grab has had a significant impact on Indonesia’s economy. According to a CSIS and Tenggara Strategic research report, Grab’s contribution to Indonesia’s economy in 2018 was approximately IDR 48.9 trillion or US$3.5 billion.
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