The Competition and Consumer Commission of Singapore has raised concerns over how Trans-cab drivers may use other platforms, should Grab succeed in its proposed takeover of the taxi operator.
SINGAPORE: Tech firm Grab's proposed takeover of Trans-cab could affect how drivers employed by the taxi operator use other ride-hailing platforms, Singapore's competition watchdog said on Monday .
Both parties expect the deal to close in the fourth quarter of 2023, subject to regulatory approvals and other customary closing conditions. Grab and Trans-cab have argued that the acquisition will not result in a substantial lessening of competition, citing"minimal overlaps" between them; a lack of prohibitive barriers to entry; and a highly fragmented and competitive rental market.Alvin Tan on evaluation of proposed acquisition of Trans-cab for anti-competitive practices
It has since flagged raised these concerns with Grab and Trans-cab, and will"review the competition effects of the proposed acquisition in greater detail".
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Landlords face fines for renting out ‘grave-like’ rooms in MalaysiaSuch rooms could be potential fire and health risks due to the lack of ventilation. Read more at straitstimes.com.
Read more »
Landlords face fines for renting out ‘grave-like’ rooms in Malaysia, says ministrySuch rooms could be potential fire and health risks due to the lack of ventilation. Read more at straitstimes.com.
Read more »
Getting your motorcycle Class 2B licence in Singapore: Motorcycle courses at driving schools, motorbike COE and motorbike rentalsSpending a fortune taking Grab or just sick of squeezing on the MRT? If cars are out of your budget, motorcycles can be a less expensive alternative. To sweeten the deal, you can also take advantage of free motorcycle parking. That said, the cost of motorbikes is astronomical compared to five-eight years ago due to the COE, which is now...
Read more »
Ryde passenger told to get out after asking driver to speak 'little bit nicer': 'Who's being the rude one?'Days after a Grab driver was suspended for racially abusing a passenger and telling him to “get out” of his vehicle, it seems another private-hire driver – this time from Ryde – has thrown a similar tantrum.
Read more »
Ripple effect seen on markets globally from Middle East conflictWASHINGTON - Economists and market strategists are anticipating further ripple effects globally from the Middle East conflict, watching to see if the situation draws in other countries with the potential to increasingly drive up oil prices and send capital flowing to safehavens.
Read more »
Some sellers leveraging new HDB classification in unit listingsSome Housing Board flat sellers are capitalising on a new public housing model to push asking prices up by thousands of dollars. They are marketing listings as being in potential "Plus" locations, a term used to describe projects that are close to amenities such as transport nodes. Rebecca Metteo reports.
Read more »