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Grab's deal to acquire Singapore's private taxi firm, Trans-cab Holdings, has raised concerns over potential violations of competition law. The Competition & Consumer Commission of Singapore (CCCS) has indicated that the acquisition might result in a substantial lessening of competition in the local market. Grab, a Nasdaq-listed ride-hailing company, is already a dominant player in Southeast Asia's ride-hailing sector. The deal could further consolidate its market position, prompting regulatory scrutiny.
$GRAB The ride hailing company’s deal to buy Singapore's private taxi firm Trans-cab Holdings is likely to result in substantial lessening of competition in the local market, the city-state's competition watchdog said. The Competition & Consumer Commission of Singapore said in…
💰 Is Indonesia's fintech scene still thriving? https://t.co/Ge4KCECR2V 🤔 Despite a funding slump, some players are finding success, while others are facing challenges. This map of the Indonesian fintech landscape highlights key trends and players. https://t.co/delCgaYggm
🤔 Are Southeast Asia's tech giants finally winning at fintech? SeaMoney is already profitable, while GoTo and Grab are seeing rapid growth. This sector could become the next big thing for these companies. https://t.co/jKwk419Lg1