Jan 2018, Singapore. Wikimedia Commons

By Kenji Lee & Allen Sng

TODAY Online-Oct 10

The Competition and Consumer Commission of Singapore (CCCS)’ recent imposition of a S$13 million fine on Grab and rival Uber for their merger marks the first time in Singapore’s history that the authorities has imposed a financial penalty for a merger.  Beyond this, the CCCS has further directed Grab to cease its exclusivity tie-ups with drivers and taxi-fleets and to maintain its pre-merger pricing algorithm.

Read more at: https://www.todayonline.com/commentary/when-irreversible-merger-flouts-singapores-competition-law

First published in: Today