Grab pledges stable fares as drivers get earnings boost

Grab, the popular ride-hailing and food delivery service, has pledged to maintain stable fares for its drivers and riders while simultaneously boosting their earnings. The company has reached an agreement on a proposed minimum baseline rate with its partners, which aims to increase partner take-home earnings from 2027.

In a joint effort, Prime Minister Anwar Ibrahim and Grab will fund a RM160 million package to increase the net income of Grab's e-hailing and p-hailing workers from the following year. This package includes increasing the minimum income for approximately 600,000 e-hailing and p-hailing workers, as well as assistance with vehicle maintenance costs and Perkeso contributions.

Additionally, Grab has introduced an interim safety incentive to reduce e-hailing insurance costs and recognise responsible driving behaviour. The company will cover 100% of Perkeso contributions for its most active workers, while others will receive subsidies of up to 50%. Grab will also offer discounted rides to and from train stations to encourage public transport use and improve first- and last-mile connectivity.