Under Singapore’s regulation, licensed ride-hailing operators like Grab are prohibited from imposing exclusive arrangements that prevent their driver partners from driving for a rival platform.
© Reuters
TSUBASA SURUGA, Nikkei staff writer |
SINGAPORE — Singapore’s competition watchdog on Monday raised concerns over ride-hailing giant Grab’s plan to acquire the country’s third largest taxi operator, saying that such a deal could raise the barriers to entry for rival platforms and limit their ability to expand.
The Competition and Consumer Commission of Singapore (CCCS) said it is “unable to conclude” that the proposed acquisition “does not give rise to any competition concerns,” based on information from the companies and industry feedback.
