Singapore's CCCS warns that Grab's acquisition of Trans-cab may lead to reduced competition, higher prices, and fewer choices for ride-hailing services.
Competition watchdog CCCS in Singapore warns that Grab's acquisition of taxi operator Trans-cab could lead to significant lessening of competition, resulting in higher prices for passengers and fewer choices for ride-hailing platform services. The deal may also reduce the incentives Grab would have to pay to drivers. The regulator's provisional decision follows an in-depth review of the proposed takeover.
July 11, 2024
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