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Weekly thoughts: Toyota grabs a slice of Grab; Mahathir talks cars; Asian immigrants in the US

News

  • Toyota has become the latest investor in ride-hailing company Grab with a $1bn infusion. The Singaporean unicorn is now valued at $10bn. Here are the details.
  • Mahathir Mohamad spoke at Nikkei's Future of Asia conference this week. The new (and former) prime minister raised the idea of Malaysia launching a new carmaker that would be bigger and better than Proton. And the sprightly 92-year old gave Nikkei Asian Review an interview where he promised domestic reform, a new pact with China...and to carry on until he was 94.

Analysis

  • When Asians emigrate to the US how do they fare? Overall, better than the indigenous population, but two factors emerge as key to their economic well-being: their age and their ability to speak English. So, despite the help provided by families and/or their wider ethnic community, what really matters for young immigrants is enough English fluency to get a decent job. 

What's new this week on scoutAsia:

  • We have started adding balance sheet data for the bigger companies in scout, starting with listed Japanese firms. We will be extending this in coming weeks as we get the data

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