KUALA LUMPUR: Malaysia said on April 2 that it will monitor ride-hailing firm Grab for possible anti-competitive behaviour, after rival Uber Technologies Inc offloaded its South-East Asian operations to the Singapore-based firm.
Uber's deal to take a 27.5% 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.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!