Jul 6 2018, 10:28 AM, updated 6y ago
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QUOTE
The Competition and Consumer Commission Singapore (CCCS) today announced the result of a three-month investigation into the deal and its provisional findings offer some fairly scathing conclusions.
...
The commission claimed Grab has already taken advantage of its dominant position by raising prices, although that’s something that Grab denies doing. Furthermore, CCCS also expressed concern that Grab’s service will stagnate if it is not challenged by competitors in the ride-hailing space.
“Without sufficient competition post-transaction, Grab would be able to raise fares for riders and commission rates for drivers, lower the quality of its services and reduce innovating its product offerings,” CCCS wrote in its findings.
aint that right... ...
The commission claimed Grab has already taken advantage of its dominant position by raising prices, although that’s something that Grab denies doing. Furthermore, CCCS also expressed concern that Grab’s service will stagnate if it is not challenged by competitors in the ride-hailing space.
“Without sufficient competition post-transaction, Grab would be able to raise fares for riders and commission rates for drivers, lower the quality of its services and reduce innovating its product offerings,” CCCS wrote in its findings.
happen in Msia too dont you think
well said
URL :
singapore-watchdog-threatens-to-unwind-ubers-southeast-asia-exit
Update :
While here in our country.. still no result from the commision?
QUOTE(MyCC need to revamp)
The apparent failure of the Malaysian Competition Commission (MyCC) to tackle the near monopoly of Grab Malaysia in the local ride-sharing industry and stop soaring fares shows the need for a revamp of the body, says a consumers group.
This comes as competition commissions in Asean countries such as Singapore and Vietnam have taken Grab to task by starting investigations into similar concerns of rising costs of its services.
This comes as competition commissions in Asean countries such as Singapore and Vietnam have taken Grab to task by starting investigations into similar concerns of rising costs of its services.
URL:
FMT-high-grab-fares-consumers-body-calls-for-revamp-of-MyCC
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This post has been edited by bmt261a: Apr 11 2020, 11:08 PM
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