(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.