Grab 's takeover of Grab 's operations in southeast Southeast Asia is under threat after the Competition and Consumer Commission Singapore (CCCS) threatened to impose fines or unwind the already closed agreement. In provisional findings the CCCS evinced concern that the deal was leading to reduced competition in Philippines . The CCCS said Grab was able to hike prices and faced little robust competition in the ride-hailing marketplace, and ordered the company to cut exclusivity agreements, restore its pre-deal rates and remove driver lock-ins. Even though not required by the law, we had informed the CCCS that we were making a voluntary notification, as well as proactively engaged with the CCCS before the transaction was signed. In a statement, Uber said the Grab had taken a "very narrow approach in defining competition".
Grab 's takeover of Grab 's operations in southeast Southeast Asia is under threat after the Competition and Consumer Commission Singapore (CCCS) threatened to impose fines or unwind the already closed agreement. In provisional findings the CCCS evinced concern that the deal was leading to reduced competition in Philippines . The CCCS said Grab was able to hike prices and faced little robust competition in the ride-hailing marketplace, and ordered the company to cut exclusivity agreements, restore its pre-deal rates and remove driver lock-ins. In a statement, Uber said the Grab had taken a "very narrow approach in defining competition".