Wednesday 12 December 2018
Home      All news      Contact us      Chinese
todayonline - 3 month ago

Competition watchdog fines Grab, Uber S$13 million over their anti-competitive merger

SINGAPORE — Handing down its decision on the Grab-Uber deal after a months-long review, the Competition and Consumer Commission of Singapore (CCCS) on Monday (Sept 24) said it has imposed more than S$13 million in financial penalties on the two ride-hailing firms, as it ruled the deal anti-competitive . Saying that Uber would not have left the Singapore market if not for the deal, and riders and drivers have bemoaned increased fares and commissions, the CCCS also set out a slew of remedies to cushion the

Related news

Latest News
Hashtags:   

Competition

 | 

watchdog

 | 

fines

 | 

million

 | 

their

 | 

competitive

 | 
Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)

Sources