Philippines, Malaysia put Uber-Grab deal under anti-competition scrutiny


  • TECH
  • Monday, 02 Apr 2018

Used Grab and Uber helmets are seen at used-helmet shop in Jakarta, Indonesia, April 2, 2018. REUTERS/Beawiharta

MANILA/KUALA LUMPUR: Philippines and Malaysia said on April 2 they will look into whether Uber Technologies' move to sell its South-East Asian business to ride-hailing rival Grab hinders competition, days after Singapore began a probe into the deal on similar concerns. 

The expanded scrutiny of the deal in South-East Asia could pose a major hurdle to the US firm's attempt to improve profitability by exiting its loss-making regional operation. It also comes as Grab is set to face tougher competition from Indonesian rival Go-Jek. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Tech News

DNB denies claims of impropriety over 5G rollout
Tesla cuts US prices of Models Y, X, S by $2,000
Why entrepreneurs need to consider increasing their digital security
Tesla's Elon Musk postpones India trip, aims to visit this year
Report: AI is smarter than a person, sometimes
Scientists develop ‘intelligent’ liquid with programmable response
Restaurants are putting digital detox on the menu with smartphone-free dining
To stand out in the job market, get to grips with ChatGPT
Amazon ad exec Aubrey steps aside for new role
Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says

Others Also Read