Malaysia places Grab on anti-competition watch list

Malaysia places Grab on anti-competition watch list

Malaysia places Grab on anti-competition watch list

Uber's deal to take a 27.5 percent stake in Grab in exchange has raised a red flag with Singapore's competition watchdog, which said on Friday it was investigating a suspected breach of competition law.

The man, who drives for both Uber and Grab, said the Grab drivers' app and passenger app had been unresponsive since 8pm.

"To our driver-partners, we are doing our best to minimize any disruption of services so you can continuously get jobs", Gonzales said in a statement on Wednesday, April 4.

Malaysia also said yesterday that it will monitor Grab for possible anti-competitive behaviour. "In the event they do not submit voluntarily, the commission can open a case that may block the deal", it was reported as saying. "We will monitor this because it is still early days and we don't know what will happen next", she said.

Snapchat harnesses TrueDepth on iPhone X for ultra-realistic Lenses
It has just rolled out three new filters including the Warrior's mask, a tiara and an "ornate, bejewelled" face mask. That mapping data is then passed on to apps, like Snapchat , which can use it for more precise modeling.

"We have stressed that if there is any anti-competitive behavior, the Competition Act will come into force".

Nancy added that Grab had assured the Malaysian government in a meeting last week that it would not raise prices for the time being. "We are willing to collaborate with the government and regulatory bodies, as always, to ensure that we fairly address the needs of our stakeholders", Grab added.

Uber, based in the USA, announced the sale of its Southeast Asian operators to Grab last week, exiting another market in Asia.

After a costly market share battle in South-east Asia, where Uber has invested US$700 million, its move to exit the region is widely expected to give the United States firm more firepower to focus on other markets including India.

Malibu, Cruze and Spark get restyled, gain new features
Other than saying the RS will start at around $25,000 no pricing details on the 2019 Malibu are offered. For the Premier trim, it adds heated seats and eight-inch reconfigurable driver information centre.

The affected countries were Singapore, Malaysia, Thailand, Indonesia and the Philippines.

The PCC explained that as the anti-trust authority of the country, its mandate is to protect competition in the market and prohibit anticompetitive conduct, including mergers and acquisitions of businesses and companies that may substantially prevent, restrict, or lessen competition. It also caps the number of ride-sharing vehicles to 65,000 across all brands and reviews them every three months.

"Uber can sell to anyone, but not Grab, even at "fire sale", said LKI President Atty.

Barcelona new favourites for Champions League
Samuel Umtiti has handed Barcelona a boost amid ongoing rumours he could move to Manchester United in the summer by saying: "I love this club".

Related news