The CMA has reached an infringement decision after investigating suspected breaches of the Chapter I prohibition and Article 101 TFEU in the use of certain retail most favoured nation clauses by a price comparison website in relation to home insurance products.
The CMA is investigating alleged excessive and unfair pricing, anti-competitive agreements and abusive conduct with respect to hydrocortisone tablets under Chapters I and II CA98 and Articles 101 and 102 TFEU.
Wednesday, 13 Jan 2021 06:35 PM MYT
The Competition Appeal Board has upheld a financial penalty imposed on Uber over its merger with former rival Grab. TODAY pic
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SINGAPORE, Jan 13 An appeal by ride-hailing firm Uber against a S$6.58 million (RM20 million) financial penalty for its merger with former rival Grab in 2018 has been dismissed, the Competition and Consumer Commission of Singapore (CCCS) said in a statement today.
CCCS had deemed that the American ride-hailing giant’s sale of its South-east Asian business to Grab for a 27.5 per cent stake in the latter had resulted in a “substantial lessening in competition” in the ride-hailing platform market here.