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Category: Business

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

Business

Bitcoin: An Attractive Alternative Store of Value in the Digital AgeBitcoin: An Attractive Alternative Store of Value in the Digital Age

April 23, 2024

Business

Apple CEO Tim Cook’s Post-Meeting Plans Following Discussions with Jokowi and Prabowo

April 18, 2024

Business

Indonesia-China Talks: Jokowi Focuses on IKN and Surabaya High-Speed Railway Link

April 18, 2024

Business

Apple Takes Over Indonesia’s Smartphone Market: 85% of 2.79 Million Imported Units are iPhones

April 18, 2024

Business

Indef Urges Strategic Focus on Exports Amid Import Restrictions

April 18, 2024

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