Home News Company in the news

Malaysian watchdog steps up probe into Singapore's Grab

Bloomberg
Bloomberg9/25/2019 07:48 AM GMT+08  • 2 min read
Malaysian watchdog steps up probe into Singapore's Grab
(Sept 25): Malaysia is advancing an anti-monopoly investigation into Singapore-based Grab Holdings Inc., ramping up a broader government push to bring greater competition to its economy.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(Sept 25): Malaysia is advancing an anti-monopoly investigation into Singapore-based Grab Holdings Inc., ramping up a broader government push to bring greater competition to its economy.

Malaysia Competition Commission Chief Executive Officer Iskandar Ismail said last Thursday the anti-monopoly watchdog was stepping up the probe into the ride-hailing startup, which was first announced last year by the country’s transport ministry. He declined to elaborate on specific steps the commission was taking.

The investigation follows multiple complaints starting from last year accusing Grab of monopolistic practices after it bought Uber Technologies Inc.’s Southeast Asian operations. Representatives for Grab didn’t respond to an emailed request for comment.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.