<article><p>Grab&#8217;s attempt to challenge a proposed fine by Malaysia&#8217;s competition watchdog is facing setbacks, while in Indonesia, Bukalapak has named Yenny Wahid as its ESG ambassador.</p></article>

<p>Grab&#8217;s attempt to challenge a proposed fine by Malaysia&#8217;s competition watchdog is facing setbacks, while in Indonesia, Bukalapak has named Yenny Wahid as its ESG ambassador.</p>
<h3>Grab&#8217;s move to challenge anti-competition fine faces setback</h3>
<p>The Malaysian Federal Court has allowed a request by the country&#8217;s competition watchdog to stay the hearing on Grab&#8217;s  legal challenge to its proposed 86.77 million ringgitt ($20.73 million) fine, according to local media reports.</p>
<p>The hearing was sought by the Southeast Asian superapp Grab Holdings and its units GrabCar Sdn Bhd, and MyTeksi Sdn Bhd to challenge the Malaysia Competition Commission&#8217;s (MyCC) fine for allegedly abusing market dominance.</p>
<p>The hearing was scheduled to begin in the High Court on Feb 14.</p>
<p>MyCC proposed in October 2019 to fine Grab for breaching anti-monopoly laws following its merger with Uber in 2018. Grab was seen to become a dominant ride-hailing player after the transaction.</p>
<p>Meanwhile, Indonesia&#8217;s anti-trust agency (KPPU) is examining the recent merger between unicorns PT Aplikasi Karya Anak Bangsa (Gojek) and PT Tokopedia for a potential monopoly. The process will conclude on March 14, according to a statement from the agency.</p>
<h3>Yenny Wahid named Bukalapak ESG ambassador</h3>
<p>Indonesia&#8217;s e-commerce platform Bukalapak has named its independent commissioner Yenny Wahid as the ESG ambassador, as part of efforts to push forward its &#8216;fair economy for all&#8217; mission.</p>
<p>Wahid, a seasoned activist, will spearhead impactful programmes and initiatives with environmental, social, and governance (ESG) in mind. She is also responsible to ensure that such initiatives are known to the public.</p>
<p>Yenny, the daughter of late President Abdurrahman Wahid, was named commissioner along with former finance minister Bambang Brodjonegoro as president commissioner in a general meeting of shareholders last year.</p>
<p>In the same statement, Bukalapak also released its 2021 ESG report. The firm identified three goals, including eliminating poverty, reducing inequality, and increasing gender equality through its operations.</p>
<p>The company claimed to be the largest small business enabler in Indonesia with a 42% market share that has improved the livelihood of more than 10 million mom-and-pop shops by transforming them into modern retailers called Mitras.</p>


Grab is faced with a $20.73 million fine by the anti-monopoly commission over its merger with rival Uber in Oct. 2019.

SEA Digest: Grab faces legal setback in Malaysia; Bukalapak names ESG ambassador

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SEA Digest: Grab faces legal setback in Malaysia; Bukalapak names ESG ambassador

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