KUALA LUMPUR, Sept 25 — The Malaysian Competition Commission is pushing ahead with its investigation against Grab Holdings Inc over possible monopolistic practices following its acquisition of rival firm Uber Technologies’ networks in the region. According to Bloomberg, MyCC chief executive...
KUALA LUMPUR, Sept 25 — The Malaysian Competition Commission is pushing ahead with its investigation against Grab Holdings Inc over possible monopolistic practices following its acquisition of rival firm Uber Technologies’ networks in the region.
Grab took over the local operations of Uber in March last year and immediately sparked concerns that it would form a monopoly of the ride-hailing market. While Iskandar would not elaborate on the investigation on Grab, he told Bloomberg that MyCC was examining some firms for possible bid-rigging after they lobbied for government contracts.
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