Grab listing must benefit drivers, riders too, says Umno Youth

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Grab drivers and riders are left without protection because of loopholes in the law, says Umno Youth.PETALING JAYA: The benefits of Grab’s Nasdaq listing must be felt by the drivers and riders of the e-hailing company, says Umno Youth chief Asyraf Wajdi Dusuki.He said drivers and riders played a big role in helping the company achieve a gross merchandise value of RM51.6 billion last year as Grab attracted investors globally over its US$40 billion special purpose acquisition company (SPAC) merger.“Let’s not forget that they are the ones who are risking their lives daily, braving the sun and rain on the road to transport passengers and food,” he said in a Facebook post today.Asyraf cited how the merger with Altimeter Growth Corp was said to have amounted to more than half of Putrajaya’s 2021 budget, which made it the world’s biggest SPAC deal.He said Grab was said to receive mor…