That is pretty much the situation right now between competition watchdogs and Grab-Uber owners. After the acquisition of Uber’s business in Southeast Asia on 26 March, the Grab-Uber merger was quickly frowned upon by the Competition Commission of Singapore (CCS) as an “unnotified transaction” – one that has the threat of reducing competition in the transport market. What followed was a proposal of interim measures by the commission board shortly into the investigation. These measures, if implemented, will mean that: 1) Grab and Uber get to keep their own policies, despite Uber being acquired by Grab, 2) Confidential information of each company will not be disclosed to each other even after the Grab-Uber merger, and 3) The two companies are not allowed to take any action against the commission’s decision if an infringement of the Competition Act is found. For now, the official responses from both companies have not been released – while Grab has promised to make a voluntary notification to the board by 16 April, while Uber maintains their silence.
Written by Uyen Le-Khuc