Malaysia reviews monopoly risk in ride-hailing market after Grab-Uber deal


KUALA LUMPUR (Reuters) – Malaysia is studying monopoly risk in the ride-hailing market in the country triggered by the merger of Grab and Uber, and is bringing the service under some existing regulations, the transport ministry said on Wednesday.

FILE PHOTO: A ComfortDelgro taxi passes Uber and Grab offices in Singapore March 26, 2018. REUTERS/Edgar Su/File Photo

Uber Technologies Inc [UBER.UL] sold its Southeast Asian business to bigger regional rival Grab in March in exchange for a stake in the Singapore-based firm.

The ministry said the land public transport agency received many complaints on Grab raising fares since the merger. Grab has become the region’s sole dominant ride-hailing player.

Last week, Singapore’s anti-trust body proposed fines on Grab and Uber, provisionally finding that their merger had reduced competition, and suggesting remedies such as the sale of their car-leasing businesses.

Malaysia’s ride-hailing services will be regulated from Thursday,…

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