Malaysia regulates ride-hailing firms, to investigate monopoly risk after Grab-Uber deal

Malaysia regulates ride-hailing firms, to investigate monopoly risk after Grab-Uber deal

Grab taxi. Photo: Bloomberg

Beginning July 12, Malaysia will regulate ride-hailing firms and impose on them the same licensing and other regulations currently applicable to taxis, the Transport Ministry said in a statement today.

Ride-hailing firms will now have to register themselves under the Companies Commission of Malaysia (SSM), be subject to vehicle inspection and inspection fee, as well as provide insurance protection for the driver, vehicle and passenger. A one-year moratorium will be given to the drivers and companies to comply with the new regulations.

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