Grab Full Year Results is out and the company has narrowed its losses to US$158 million from US$458 million (page 4). It is indeed good to see Grab continuing to efficiense itself. However, I think the company is not out of the woods. Increase in Cost due to Mandatory CPF Contribution by Employer for Platform Workers While the Singapore government will be bearing most of the cost during the next 3 years as transit, some costs is still borne by Grab, hence whatever cost savings Grab has been obtaining will be erased for Year 2025. I forsee its full year 2025 will still be loss making. Furthermore, with more South East Asian countries looking to protect its platform workers, costs borne by Grab in its Delivery and riding segment will rise. This does not bode well. Guidance For FY2025, company us guiding for EBITDA gains of US$470 million, this is a gain from its current US$313...