💨 Abstract

The Competition and Consumer Commission of Singapore (CCCS) has not received notification from ride-hailing companies Grab and GoTo about a potential merger. The CCCS encourages the parties to seek legal advice on compliance with Singapore's competition laws. If the merger proceeds, the combined companies would control nearly 90% of the ride-hailing market in Singapore and over 91% in Indonesia.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖