Grab to be investigated for possible monopoly

PUTRAJAYA: E-hailing service provider Grab Malaysia will be investigated for possible monopoly of the industry, Transport Minister Anthony Loke (pix) revealed.
He said the Land Public Transport Commission (SPAD) has received numerous amount of complaints from passengers of a supposed increase in fare by Grab following its Southeast Asia division's merger with Uber in March.
"The government is currently reviewing a possible e-hailing service monopoly and we are working together with the Malaysia Competition Commission (MyCC).
"We don't want any services to be involved in monopoly. And if we find any elements of it, we will take action action against them," he told a press conference, here, today.
Loke said investigation would be initiated immediately.
"Our concern is always the fare implemented by these companies on the end user. It must be reasonable," he said.
The deal which was finalised on March 26 between the two largest ride-hailing services meant would Grab would take over Uber's ridesharing and food delivery service Uber Eats.
However, just days following its acquisition, passengers have started complaining on social media of a hike in fares for their Grab rides.