A recent study reveals that Malaysians are opting to cut back on dining out at restaurants rather than reducing food delivery orders. This trend is driven by rising prices and increasing economic pressures.
Grab Holdings Ltd. has signed an agreement to acquire Foodpanda, a subsidiary of Delivery Hero SE, in Taiwan for $600 million. This marks Grab's first entry into a market outside Southeast Asia.
Line Man Wongnai is preparing to impose additional delivery fees if fuel prices rise by 9-10 baht, amid expectations of a slowdown in Thailand's food delivery market growth. The company aims to maintain profitability while facing these challenges.
Jahez, a food delivery service, announced a significant annual profit decline of <strong>61%</strong> due to pressures from increasing competition. This downturn highlights the challenges the company faces in the current market environment.