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In Singapore, Uber s appeal against S$6 58m fine for anti-competitive Grab merger dismissed | Singapore

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 Subscribe to our Telegram channel for the latest updates on news you need to know. 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.

3 water feature maintenance firms fined for cartel-style bid-rigging

0 Engagements Three water feature maintenance companies have been fined by the competition watchdog for conducting cartel-style bid-rigging activities for close to a decade. CU Water Services, Crystalene Product (S) and Crystal Clear Contractor had exchanged information and coordinated their bids for maintenance services for swimming pools, spas, fountains and other water features at developments such as hotels and condominiums. The illegal bid rigging concerned 521 contracts and 220 customers, and took place between August 2008 and June 2017. Some of the customers included hotels such as Shangri-La and Grand Copthorne Waterfront, as well as management corporations and managing agents of condominiums. The Competition and Consumer Commission of Singapore (CCCS) fined CU Water $308,680. Crystalene and Crystal Clear were fined $41,541 and $68,793 respectively after receiving a leniency discount to have their penalties reduced because they came forth to share information on the cas

3 firms fined for rigging bids in tenders for maintenance of swimming pools, other water features

3 firms fined for rigging bids in tenders for maintenance of swimming pools, other water features Toggle share menu Advertisement Advertisement Business (Photo: Pexels/Pixabay) 14 Dec 2020 04:10PM) Share this content Bookmark SINGAPORE: Three companies have been issued financial penalties totalling nearly S$420,000 for rigging bids in tenders for maintenance services for swimming pools, spas, fountains and other water features, said the Competition and Consumer Commission of Singapore (CCCS) on Monday (Dec 14). The bid-rigging conduct by CU Water Services, Crystalene Product and Crystal Clear Contractor affected developments including condominiums and hotels in Singapore, the consumer watchdog found. Advertisement Advertisement CCCS investigation, which began in September 2017, revealed numerous instances of bid-rigging conducted between the years 2008 and 2017. The bid-rigging occurred between CU Water and Crystalen

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