Friday 19 October 2018
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25 days 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

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