{"id":1792,"date":"2018-09-24T14:50:09","date_gmt":"2018-09-24T14:50:09","guid":{"rendered":"https:\/\/sg.everydayonsales.com\/news\/?p=1792"},"modified":"2018-09-24T14:50:09","modified_gmt":"2018-09-24T14:50:09","slug":"grab-uber-just-got-fined-with-s13-million-over-their-merger","status":"publish","type":"post","link":"https:\/\/sg.everydayonsales.com\/news\/1792\/grab-uber-just-got-fined-with-s13-million-over-their-merger\/","title":{"rendered":"Grab & Uber Just Got Fined With S$13 million Over Their Merger!"},"content":{"rendered":"

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If you don’t realise, there is no more Uber and\u00a0&\u00a0Uber has merged<\/em><\/a>\u00a0with Grab<\/em><\/a> earlier this year and now the SG authority are on their trail and the company has being fined S$13 million to be exact it is S$13,001,702!<\/p>\n

This wasn’t happened just recently but the investigation from Competition and Consumer Commission of Singapore (CCCS) has started within days of the merger of the 2 companies on the basis that the merger infringed the Competition Act.<\/p>\n

It then imposed\u00a0Interim Measures Directions<\/a>\u00a0on March 30 to ensure that drivers and consumers are not affected but seems like that’s not the case. We as a consumer are greatly affected from this merger!<\/p>\n

After having \u201ccarefully” considered the written and oral representations from the Parties,\u00a0feedback from industry players, stakeholders and the public as evidence, the CCCS\u00a0investigation yield the following\u00a0results:<\/p>\n

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  1. Grab increased their effective fare price post merger via decrease in incentives\/promotions and\u00a0changes to reward scheme)<\/li>\n
  2. Grab hampered new entrants by imposing exclusivity obligations on car rental companies, some drivers, and taxi companies.<\/li>\n<\/ol>\n

    Here is the infographic:<\/p>\n