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Responding to CNA queries on Thursday, seize reiterated its assertion from earlier this thirty day period that it "planned to guidance Trans-taxi in its digital transformation and help to further improve its motorists’ livelihoods" as client behaviours change.
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But CCCS claimed this yr that the merger could give seize the leverage to induce Trans-taxi motorists to utilize Grab’s ride-hail platform over rival platforms, introducing that drivers who hire from ride-hail platform-owned fleets are more unlikely to implement a platform that is different in the a person they have rented their car or truck from.
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In the event that CCCS finds that a merger circumstance has resulted in the sizeable lessening of Opposition, it may require the merger to be unwound or modified.
adhering to Thursday's announcement, CCCS famous get’s "commitment to running in compliance with Competitiveness rules and their intention to add positively to your aggressive landscape in Singapore".
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“CCCS encourages organizations with acquisition strategies to have interaction CCCS at an early stage of the procedure if they assess that their plans are likely to elevate Opposition issues,” it stated.
The commission additional the companies "expressed their respect for that regulatory procedure as well as their appreciation to CCCS for your comprehensive evaluation" of their letter to CCCS.