After months of investigation, Singapore’s anti-competition watchdog slapped ride-hailing firms Grab and Uber with fines and finalized restrictions to open up the market to competitors after concluding that their merger in March has driven up prices, Reuters reports. After acquiring Uber’s assets in Southeast Asia, Grab expects sales to double to $2 billion next year as the company expands well beyond its roots as a ride-hailing app while intensifying a rivalry with Go-Jek. The latter, Indonesia’s largest ride-hailing firm, is planning to raise $2 billion from investors as it prepares a rapid expansion strategy in the region, according to The Telegraph. The funds are expected to come from existing shareholders, such as Tencent and JD.com.