Grab's proposed acquisition of Trans-cab will 'noticeably weaken' rival experience-hail platforms in S'pore: CCCS
Grab could Consequently "entrench and improve" its now dominant place in the trip-hail System sector, mentioned CCCS.
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The tendency by motorists to persist with certain journey-hail platforms and scarcity of drivers are amid the reasons why it could be hard for rivals to replace any lack of Trans-taxi drivers in a well timed way, claimed CCCS.
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"We'll go on to work our enterprise as typical," Trans-cab advised CNA on Friday early morning when requested about its response for the CCCS statement. The company declined to touch upon no matter whether It will be earning its representations to the considerations raised.
In a media launch on Thursday (Jul eleven), the Opposition and purchaser Commission of Singapore (CCCS) included that motorists and passengers could facial area higher rates if Levels of competition constraints on get from rival platforms are weakened. It could also cause less decisions for experience-hailing System expert services.
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This is because the "stickiness" of Trans-taxi motorists to seize's experience-hail System is expected to extend Together with the acquisition:
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