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Experts want more clearly defined rules but welcome CCCS move
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Grab was fined about $6.4 million while Uber was fined about $6.58 million by the Competition and Consumer Commission of Singapore.
ST PHOTO: KELVIN CHNG
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Observers have welcomed the Competition and Consumer Commission of Singapore's (CCCS) decision on the Grab-Uber deal but said regulations on the sector need to be more clearly defined.
The $13 million fine is "not a small sum" and could help deter irreversible mergers which will harm the market, said TSMP Law Corporation head of mergers and acquisitions Stefanie Yuen-Thio.
