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Stefanie Yuen Thio comments in ST: “Experts want more clearly defined rules but welcome CCCS move”
The detailed explanation and serious content of the CCCS verdict on the Grab-Uber merger send a message to potential merger parties that the regulator will not hesitate to take action if they feel that antitrust laws have been breached, even if the parties in question are much feted corporate success stories. The quantum of the fine is not a small sum, and is intended to deter irreversible mergers which will harm the market. Stefanie Yuen Thio’s comments in ST here: https://www.straitstimes.com/singapore/transport/experts-want-more-clearly-defined-rules-but-welcome-cccs-move
