Malaysian regulator proposes $20m fine on Grab on competition concerns

Malaysian regulator proposes $20m fine on Grab on competition concerns

The Malaysia Competition Commission (MyCC) on Thursday proposed a fine of over 86 million ringgit ($20.5 million) on Singapore-based ride-hailing firm Grab for violating the competition law by imposing restrictive clauses on its drivers, according to a statement by the regulator.

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