Experts want more clearly defined rules but welcome CCCS move

Grab was fined about $6.4 million while Uber was fined about $6.58 million by the Competition and Consumer Commission of Singapore.
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

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.

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A version of this article appeared in the print edition of The Straits Times on September 25, 2018, with the headline 'Experts want more clearly defined rules but welcome CCCS move'. Print Edition | Subscribe