Tuesday, May 17, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Automotive

Grab and Uber Fined By Singapore’s Competition Commission Over Merger

by Ian Chee
September 24, 2018
111
SHARES
2.2k
VIEWS
Share on FacebookShare on Twitter

One of the biggest shift that happened within the local and regional tech industry this year happened back in March when Uber sold its Southeast Asian business to rival Grab. Within days of the merger, the Competition and Consumer Commission of Singapore (CCCS) launched an investigation regarding it and now, we’ve finally known the verdict.

According to a Reuters report, the apparent conclusion is that the deal substantially reduced competition in the market. For this,  CCCS is fining both companies a total of S$ 13 million (~US$ 9.5 million or ~RM39.32 million) with the hope that this will prevent future mergers that will harm competition.

Toh Han Li, Chief Executive of the CCCS, said, “Mergers that substantially lessen competition are prohibited and CCCS has taken action against the Grab-Uber merger because it removed Grab’s closest rival, to the detriment of Singapore drivers and riders.” The commission also added that since the merger took place, fares on Grab rose 10% to 15%.

ADVERTISEMENT

While we have no solid numbers the way the CCCS has, there’s plenty of rider anecdotes reflecting this. Not only do the anecdotes point to an increase in price, but it’s also to the extent that they are becoming more expensive than conventional taxis. Grab’s response to this is that the increase in fares are due to the implementation of dynamic pricing, with prices going up or down depending on the demand and supply of the service.

Uber and UberEATS

To be fair, while Singapore is ahead on the verdict, Malaysia also has Grab under the microscope since the announcement. Maybe we’ll hear something from the Malaysian Competition Commission (MyCC) in the months to come.

(Source: Reuters, Free Malaysia Today, The Star)

Tags: Grabgrab singaporeUber
Updated 5:20 pm, Mon, 22 October 18
Back to top
Share44Tweet28SendShare

ADVERTISEMENT

RELATED ARTICLES

proton saga 2022 premium s keyless entry
Automotive

Proton Saga Finally Gets Keyless Entry, But Only For The New Premium S Model

by Heirul Kamel
May 12, 2022

Proton earlier today has officially launched its new Saga MC2 facelift, which consists of four different variants of varying specs...

Read more
BMW i4 eDrive40
Automotive

BMW Malaysia: Local Cars Not Affected By Android Auto, CarPlay Omission

by Ian Chee
May 11, 2022

Earlier this week, we saw reports of BMW shipping cars in certain markets without Android Auto or Apple CarPlay. We...

Read more
kumpool e-hailing
E-Hailing

Kumpool E-Hailing Bus Adds Routes In Kampung Tunku

by Ikmal Rozlan
May 11, 2022

Kumpool, the bus e-hailing service that recently expanded into Petaling Jaya, is adding routes in the Kampung Tunku constituency. Previously,...

Read more
Malaysian Automotive Association MAA vehicle prices
Automotive

Malaysian Automotive Association Predicts An Increase To Vehicle Prices

by Heirul Kamel
May 10, 2022

The Malaysian Automotive Association (MAA) has issued a prediction that may cause concern for potential car buyers in the country....

Read more
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    Social Media

    Elon Musk Gets A Telling Off By Twitter Legal Team For Breaking NDA

  2. 2
    Fintech

    Next Batch Of Enhanced Touch N Go Card Will Arrive In June

  3. 3
    Automotive

    Grab and Uber Fined By Singapore’s Competition Commission Over Merger

  4. 4
    Data Breaches

    Another JPN Database Appears Online With An Asking Price Of Almost RM44,000

  5. 5
    Mobile Phones

    HONOR Magic4 Pro Appears On DNB 5G Device List Ahead Of Malaysian Launch

Lowyat.NET

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.