Malaysia said on April 2 that it will put Grab on the anti-competition watchlist after rival Uber offloaded its Southeast Asian operations to the Singapore-based taxi firm (Photo: www.thestar.com.my)Kuala Lumpur (VNA) - Malaysia said onApril 2 that it will put Grab on the anti-competition watchlist after rivalUber offloaded its Southeast Asian operations to the Singapore-based taxi firm.
Malaysia's Competition Commission will keep tabson Grab, especially if the company imposes unfair practices or suddenlyincreases fares, a government minister said.
According to Malaysian Minister in the PrimeMinister’s Department Nancy Shukri, the inspection is necessary to ensure faircompetition in transport services.
If there is any anti-competition behaviour, theCompetition Act will come into force, she stressed.
She said Grab, which is valued at about 6billion USD, had guaranteed during their meeting last week that there would be neitherunfair pricing nor fare increases.
Meanwhile,Singapore announced on March 30 that it is investigating the sale of Uber'sSoutheast Asia business to Grab over concerns that it may impact competition inthe city-state.
TheCompetition Commission of Singapore, a statutory board under the Ministry ofTrade and Industry, has issued "proposed interim measures directions"to the two companies ordering them not to take any action that may lead to theintegration of their businesses in Singapore while the investigation continues.
Thecommission said in a statement that it is also ordering them to maintain theirpricing policies and product options before the deal is reached and not toshare any confidential information pertaining to pricing with each other.
Itadded that the deal infringes Section 54 of the Competition Act due tosubstantial lessening of competition.
Aspart of the deal, Uber will take a 27.5 percent stake in Grab, marking its secondexit in Asia.
Thecar pooling service is expected to expand five-fold to 13.1 billion USD by2025.
Thoughpresent in more than 600 cities worldwide, Uber still faces challenges whenfacing scandals and protests from traditional taxi firms in both Asia andEurope.
Accordingto Grab’s announcement to acquire Uber’s Southeast Asia operations, Grab willintegrate Uber’s ridesharing and food delivery business in the region intoGrab’s existing platform.
Itwill take over Uber’s operations and assets in Singapore, Malaysia, Cambodia,Indonesia, Myanmar, the Philippines, Thailand and Vietnam.
Grabis one of the most frequently used O2O mobile platforms in 195 cities inSoutheast Asia. More than 5 million people use the combined platform daily. -VNA
Malaysia's Competition Commission will keep tabson Grab, especially if the company imposes unfair practices or suddenlyincreases fares, a government minister said.
According to Malaysian Minister in the PrimeMinister’s Department Nancy Shukri, the inspection is necessary to ensure faircompetition in transport services.
If there is any anti-competition behaviour, theCompetition Act will come into force, she stressed.
She said Grab, which is valued at about 6billion USD, had guaranteed during their meeting last week that there would be neitherunfair pricing nor fare increases.
Meanwhile,Singapore announced on March 30 that it is investigating the sale of Uber'sSoutheast Asia business to Grab over concerns that it may impact competition inthe city-state.
TheCompetition Commission of Singapore, a statutory board under the Ministry ofTrade and Industry, has issued "proposed interim measures directions"to the two companies ordering them not to take any action that may lead to theintegration of their businesses in Singapore while the investigation continues.
Thecommission said in a statement that it is also ordering them to maintain theirpricing policies and product options before the deal is reached and not toshare any confidential information pertaining to pricing with each other.
Itadded that the deal infringes Section 54 of the Competition Act due tosubstantial lessening of competition.
Aspart of the deal, Uber will take a 27.5 percent stake in Grab, marking its secondexit in Asia.
Thecar pooling service is expected to expand five-fold to 13.1 billion USD by2025.
Thoughpresent in more than 600 cities worldwide, Uber still faces challenges whenfacing scandals and protests from traditional taxi firms in both Asia andEurope.
Accordingto Grab’s announcement to acquire Uber’s Southeast Asia operations, Grab willintegrate Uber’s ridesharing and food delivery business in the region intoGrab’s existing platform.
Itwill take over Uber’s operations and assets in Singapore, Malaysia, Cambodia,Indonesia, Myanmar, the Philippines, Thailand and Vietnam.
Grabis one of the most frequently used O2O mobile platforms in 195 cities inSoutheast Asia. More than 5 million people use the combined platform daily. -VNA
VNA
