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Malaysia: Grab says its unaware of breaching antitrust law in Uber deal

By  |  September 26, 2019

Grab stated it is unaware of any breach of Malaysian competition laws since its acquisition of rival Uber Technologies’s Southeast Asian operations in March last year.

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    The ride-hailing provider, said in a statement it acquired Uber’s Asean unit in good faith, and to provide more benefits to the public.

    “Grab plays a complementary role in the entire public transportation ecosystem in Malaysia, most often serving the first-mile-last-mile needs of commuters…. Today, commuters in Malaysia continue to have the choice of getting from one point to another through public transport, street-hail taxis or more than 30 other licensed e-hailing apps,” said a Grab spokesperson. 

    The ride-hailing firm was responding to a Bloomberg news report, which stated that the Malaysia Competition Commission (MyCC) is advancing an anti-monopoly investigation into Grab to bring greater competition to Malaysia’s economy. Quoting Iskandar Ismail, the CEO of MyCC, the report stated the anti-monopoly watchdog was stepping up a probe into Grab, although there were no details given on the specific steps the Commission was taking.

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