SINGAPORE -- Singapore's competition watchdog on Monday raised concerns over ride-hailing giant Grab's plan to acquire the country's third largest taxi operator, saying that such a deal could raise the barriers to entry for rival platforms and limit their ability to expand.
Transportation
Grab's plan to buy Singapore taxi raises concerns from watchdog
Local authorities to further review proposal amid fears from rivals over competition
Under Singapore's regulation, licensed ride-hailing operators like Grab are prohibited from imposing exclusive arrangements that prevent their driver partners from driving for a rival platform. © Reuters
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