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Competition and Consumer Commission of Singapore (CCCS)
Deals, joint ventures & alliances
Sembcorp-Veolia deal gets go-ahead from competition watchdog
In a media statement today, CCCS concluded that the merged entity would continue to face sufficient competition in the relevant markets from other suppliers in Singapore and overseas.
February 19, 2020
M&A
Competition watchdog to assess if Sembcorp-Veolia deal could result in 'substantial lessening of competition'
CCCS is investigating if the acquisition would infringe the Competition Act - which prohibits mergers that are expected to result in a substantial lessening of competition within any market in Singapore
January 16, 2020
Management & Corporate Governance
Uber to appeal competition watchdog decision on Grab deal
SINGAPORE (Oct 22): Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional rival Grab violated the city-state’s competition laws, the firm said on Monday.
October 22, 2018
In print this week
Singapore's competition watchdog fines Grab and Uber but can fair play resume?
SINGAPORE (Oct 1): Choo was earning up to $5,000 a month when he first started driving for ride-hailing start-up Grab some three years ago. But after a merger between Grab and Uber Technologies in March this year, the 66-year-old, who asked to be identifi
September 30, 2018
Broker's Calls
The worst looks over for taxis
SINGAPORE (Sept 27): Phillip Capital is keeping an “overweight” recommendation on the land transport sector due to positive industry restructuring following the exit of Uber and the worst being over for the taxi industry.
September 27, 2018
Management & Corporate Governance
Competition watchdog slaps $13 mil fine on Grab, Uber over merger
SINGAPORE (Sept 24): The Competition and Consumer Commission of Singapore (CCCS) has fined Uber and Grab a total of $13 million after the merger of the ride-hailing firms was judged to have led to a “substantial lessening of competition”.
September 24, 2018
Startups, Entrepreneurs, Digital economy
Grab defends position in Uber deal to Singapore's anti-monopoly watchdog
SINGAPORE (July 27): Grab said on Friday it disagreed with the Singaporean anti-monopoly watchdog’s assessment that its takeover of Uber’s operations had harmed competition and called the commission’s suggested measure of removing exclusivity arrang
July 27, 2018
Startups, Entrepreneurs, Digital economy
Grab disagrees with competition watchdog analysis on merger
SINGAPORE (July 6): Grab says that it has considered Singapore’s Competition and Consumer Commission’s (CCCS) decision and disagree with their analysis.
July 06, 2018
Startups, Entrepreneurs, Digital economy
Singapore says Grab-Uber merger lessened competition, proposes penalties
SINGAPORE (July 5): Singapore's Competition and Consumer Commission (CCCS) said on Thursday the merger of Grab and Uber had substantially lessened competition in the ride-hailing business in the city-state and proposed to impose financial penalties on
July 05, 2018
M&A
ComfortDelGro and Uber part ways; Lion City acquisition terminated
SINGAPORE (May 25): ComfortDelGro and Uber Technologies have agreed to dissolve the strategic agreement that they entered into last December.
May 25, 2018