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Singapore allows Uber's exit with antimonopoly measures

Watchdog orders Grab to maintain fares and driver commission rates

A notice for Uber drivers is displayed at Grab's registration office in Singapore. (Photo by Kentaro Iwamoto)

SINGAPORE -- Singapore's competition commission on Friday said Uber Technologies' ride-hailing service will terminate on May 7, effectively allowing the U.S.-based company to exit from the city-state. But the authority also ordered rival service Grab to follow measures to maintain an open market environment, including keeping pre-merger pricing and driver commission rates.

Singapore's decision will help Grab advance the service integration with Uber in Southeast Asia, and will allow the Singapore-based company to increase its market share regionwide.

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