SINGAPORE -- Anti-trust authorities in Singapore have slapped anti-competitive penalties on local company Grab, whose dominance in the city-state's ride-hailing market has solidified since its merger with the southeast Asian operations of U.S. rival Uber.
Following the completion of the merger in March, the Singapore-based company holds 80-90% of the city's ride-hailing market, with transport operator ComfortDelGro holding 10-20% and remaining players controlling up to 5%, according to June data from the Competition and Consumer Commission of Singapore.
