Singapore says Grab-Uber merger hurts competition, proposes penalties

FILE PHOTO: A view of Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo

Singapore’s Competition and Consumer Commission (CCCS) has found that the Grab-Uber merger has substantially lessened competition, and proposed to impose financial penalties on both the ride-hailing transport firms to restore market contestability, it said in a statement today.

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