Malaysia’s competition regulator to decide on Grab on Thursday

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Malaysia’s competition regulator to decide on Grab on Thursday
Malaysia’s competition regulator to decide on Grab on Thursday

Malaysia’s Competition Commission (MyCC) said it will announce its decision on Thursday after investigating whether ride–hailing firm Grab is anti-competitive.

The regulator said last year it would monitor Grab for possible anti-competitive behaviour after its acquisition of close rival Uber Technologies Inc’s Southeast Asian business in March last year.

Bloomberg reported last week that the competition watchdog’s chief executive officer Iskandar Ismail said the commission was stepping up that investigation following multiple complaints about monopolistic practices since last year.

Singapore-based ride–hailing Grab responded saying it had cooperated with MyCC and was not informed of any regulation breaches since buying its rival.

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