WHEN AN IRREVERSIBLE MERGER FLOUTS SINGAPORE’S COMPETITION LAW AT CONSUMERS’ EXPENSE
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.
First published in: Today