Daily Briefing: Grab launches pilot motorbike hailing in Malaysia; Bus services firm SWAT closes $14m Series A round

And a development with two shophouses is for sale at $15m.

From Reuters:

Grab has launched a pilot programme for motorbike hailing in Malaysia, barely a month after regional rival Gojek was given the green light to begin limited operations in the country. The company said on its website that the move was in line with the government’s effort to test out the service.

Malaysia announced earlier this month that it will allow motorbike-hailing services such as Indonesia’s Gojek to operate on a limited scale for six months from January next year as pilot schemes to measure demand for the service.

The six-month programme would allow the government and participating firms to gather data and evaluate demand whilst officials work on drafting legislation to govern bike-hailing.

Grab is backed by familiar names in technology sector including SoftBank Group Corp, Microsoft Corp, Toyota Motor Corp and Uber.

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