SINGAPORE (Aug 13): Four hotels have been named by the Competition and Consumer Commission of Singapore for violating anti-competition rules by exchanging commercially sensitive information. Observers say CCCS is sending a clear signal that the regulator will protect consumers against errant business owners.

Since it was set up in 2005, CCCS has taken action against numerous companies for anti-competition behaviour. In April this year, it included consumer protection under its purview. Just a month ago, CCCS had said it could unwind the Grab and Uber deal if its proposed remedies are not implemented. The competition watchdog said the merger of the two ride-hailing firms had infringed antitrust law by significantly lessening competition.

“CCCS appears to be flexing its muscles and we should expect to see further action from them,” says Reshmi Khurana, managing director and head of Southeast Asia, business intelligence and investigations, at consultancy Kroll. “CCCS said it used its own detection methods in this case, which suggests that it has tools to identify potential anti-competitive behaviour. Such actions by CCCS signal to the market that [it] is an active and credible regulator.”

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook