Malaysia proposes $20 million fine on Grab for abusive practices

Malaysia proposes $20 million fine on Grab for abusive practices

The Edge Markets - Malaysia·2019-10-03 14:19

KUALA LUMPUR (Oct 3): Malaysia’s competition regulator on Thursday proposed a fine of over 86 million ringgit ($20.5 million) on ride-hailing firm Grab for violating competition law by imposing restrictive clauses on its drivers.

The Malaysia Competition Commission (MyCC) ruled that Singapore-based Grab, which has backing from Japan’s SoftBank Group Corp, had abused its dominant position in the market by preventing its drivers from promoting and providing advertising services for its competitors.

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