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The watchdog explained previously this thirty day period that drivers and passengers could confront higher charges if Competitors constraints on seize from rival platforms are weakened.
in case CCCS finds that a merger problem has resulted while in the substantial lessening of Competitiveness, it could possibly call for the merger being unwound or modified.
next Thursday's announcement, CCCS mentioned Grab’s "dedication to functioning in compliance with Level of competition guidelines as well as their intention to contribute positively to the competitive landscape in Singapore".
a person analyst thinks that this kind of mergers may now not be feasible devoid of measures being incurred to Restrict current market dominance. "I believe the ride-hailing and taxi industry is likely to remain position quo," affiliate Professor Raymond Ong informed CNA.
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It's because the proposed acquisition will "appreciably weaken" rival ride-hail platforms in Singapore, therefore rendering it extra likely for get to "entrench and improve [its] by now dominant placement".
"Along with the termination on the proposed acquisition, the events have withdrawn their application to CCCS for a decision, and CCCS has accordingly finished its evaluation on the proposed acquisition," CCCS explained during the assertion.
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