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.
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,…