MyCC ruled Grab had abused its dominant position in the local market by preventing its drivers from promoting and providing advertising services for its competitors. Photo: EPA

Malaysian competition watchdog wants to fine Singapore’s Grab US$20.5 million for abusive practices

  • Regulator says Grab abused its dominant position in the local market by preventing drivers from promoting and providing advertising services for its competitors
  • It also imposed a daily penalty of 15,000 ringgit beginning on Thursday for as long as Grab fails ‘to take remedial actions as directed by the commission’
Topic |   Malaysia

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MyCC ruled Grab had abused its dominant position in the local market by preventing its drivers from promoting and providing advertising services for its competitors. Photo: EPA
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The Singapore offices of Grab, which is one of 11 Southeast Asian companies valued at more than US$1 billion. Photo: Reuters

Hunt for next Grab, Gojek on as investors flock to Southeast Asian tech firms

  • Despite global economic uncertainty from the US-China trade war, firms in the region have raised US$7.6 billion in funding in the first half of 2019
  • The report by Singapore’s Temasek, Google and Bain & Company shows Southeast Asia is rich in ‘aspiring unicorns’
Topic |   Singapore

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The Singapore offices of Grab, which is one of 11 Southeast Asian companies valued at more than US$1 billion. Photo: Reuters
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