Competition Watchdog Fines Grab Uber S 13 Million Ov Sep 08, 2020, 05:33 pm. published. sep 24, 2018, 11:00 am. singapore singapore's competition watchdog on monday (sept 24) fined ride hailing firms grab and uber a combined $13 million for their. The competition and consumer commission of singapore imposed more than s$13 million in penalties on grab and uber, as it ruled their merger as “anti competitive” on sept 24, 2018. grab is.
Singapore Competition Watchdog Fines Grab Uber A Total Of Sођ Singapore's anti trust watchdog fined ride hailing firms grab and uber a combined s$13 million ($9.5 million) over their merger deal, and ordered uber to sell vehicles from its local leasing. Sep 25, 2018 06:00 am. the merger between ride hailing firms grab and uber will not be unwound, but they were fined a combined $13 million yesterday by singapore's competition watchdog. grab was fined about $6.4 million and uber about $6.58 million by the competition and consumer commission of singapore (cccs), which also spelt out measures to. Tweet. grab and uber have been fined a combined s$13 million by singapore’s consumer watchdog over their merger, which it says severely damaged competition in the country’s ride hailing market because it “removed grab’s closest competitor”. the case has been running since the day after grab and uber announced the merger on 26 march. Singapore (ap) — singapore's competition watchdog has fined ride hailing giant uber and its regional rival grab 13 million singapore dollars ($9.5 million) for a merger in southeast asia that the.
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