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Category: Business

Business

From Mason to Billionaire: The Story of China’s Reclusive Water Tycoon Zhong Shanshan

July 31, 2025

Business

Freeport Indonesia Honored with Tamasya Award for Transformative Education Programs in Papua

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Business

10 Self-Discipline Habits That Quietly Build Real Wealth Over Time

July 1, 2025

Business

Thailand’s Vibrant Business Landscape: A Story of Growth, Culture, and Opportunity

June 24, 2025

Business

Elon Musk at a Crossroads: Can Vision Survive Political Storms?

June 9, 2025

Asian Markets Rise on Tech Optimism as Nvidia Nears Big Moment

Business

Asian Markets Rise on Tech Optimism as Nvidia Nears Big Moment

May 28, 2025

Indonesia Launches Halal Indo 2025 to Strengthen Global Halal Industry Leadership

Business

Indonesia Launches Halal Indo 2025 to Strengthen Global Halal Industry Leadership

April 30, 2025

Competition Watchdog Warns Grab's Acquisition of Trans-cab Could Harm Rivals Singapore - The Competition and Consumer Commission of Singapore (CCCS) has expressed concerns that Grab's plan to acquire taxi operator Trans-cab will significantly undermine competition. In a media release on Thursday (Jul 11), CCCS stated that both drivers and passengers might face higher prices if Grab's competitors are weakened due to the acquisition. This could also reduce the variety of ride-hailing services available. CCCS highlighted that Grab acknowledges the acquisition will likely enable significant savings on driver incentives compared to other methods of increasing driver supply. In its provisional decision, CCCS concluded that the acquisition is likely to substantially lessen competition in the ride-hailing market, potentially violating Singapore's competition laws, which prohibit anti-competitive mergers. Grab and Trans-cab have 10 working days to respond to the issues raised by CCCS, after which a final decision will be made on whether to block or approve the deal. Announced last July, the acquisition involves Singapore's third-largest taxi operator, Trans-cab, which has over 2,500 vehicles. The deal includes Trans-cab’s taxi and car rental business, maintenance workshop, and fuel pump operations. The companies have stated that the transaction will be executed through Grab's private-hire car rental arm, Grab Rentals.

Business

Competition Watchdog Warns Grab’s Acquisition of Trans-cab Could Harm Rivals

July 11, 2024

Attorneys Seek $7 Billion for Halting Elon Musk’s Tesla Payout

Business

Attorneys Seek $7 Billion for Halting Elon Musk’s Tesla Payout

July 10, 2024

Business

Asian Exchanges Return to Heat, Majority Experience an Increase

April 23, 2024

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