THE Malaysia Competition Commission (MyCC) will announce today whether e-hailing provider Grab is guilty of breaching anti-monopoly laws, reports Reuters.

The regulator conducted a probe following accusations of the Singapore-based company’s monopolistic practices after its takeover of rival Uber’s Southeast Asian operations in March last year.

Grab had said the acquisition was made in good faith, with the aim of providing more benefits to the public.

A spokesman said the firm had not been aware of any breach of competition laws.

“To date, we have fully cooperated with MyCC in their request for information, and have not been made aware of any breach of competition laws since the acquisition in March 2018,” said a statement issued last week.

Singapore, meanwhile, has fined Grab and Uber S$13 million (RM39.4 million), on top of imposing several measures, to counter similar concerns.

The Philippines, too, has slapped a fine of 16 million pesos (RM1.3 million) on the two companies for violating the national competition regulator’s conditions. – October 3, 2019.