new measures protect grab users against excessive surge prices but no restoring of discounts expected

New measures protect Grab users against 'excessive' surge prices, but no restoring of discounts expected

As part of measures imposed by the Competition and Consumer Commission of Singapore (CCCS) to level the playing field in the ride-hailing industry, Grab will now be required to maintain its pre-merger pricing algorithm.
singapore competition watchdog fines grab uber s 13 million in total over merger deal

Singapore competition watchdog fines Grab, Uber S$13 million in total over merger deal

Singapore's competition watchdog has fined Grab and Uber a total of S$13 million over their merger, saying that the deal has led to the substantial eroding of competition in the ride-hailing market.
go jek to raise at least 2 billion in funding

Go-Jek to raise at least $2 billion in funding

After several weeks of aggressive marketing in Vietnam, Go-Jek, Indonesia’s most valuable technology startup, has just announced intentions to raise at least $2 billion to fuel its accelerated overseas expansion.
uber completes tax payment for ho chi minh city

Uber completes tax payment for Ho Chi Minh City

Uber B.V completed the payment of VND53.3 billion ($2.36 million) in taxes for the Ho Chi Minh City Department of Taxation, dispelling previous worries that the arrears may not be enforceable.
call to relax regulations on the classification of ride hailing firms

Call to relax regulations on the classification of ride-hailing firms

Vietnamese experts are calling for regulatory bodies to relax regulations treating ride-hailing companies as taxi firms because some fear the consequences that could impact the development of new business models and technology advancements.
putting ride hailing and taxi firms under same hat could blunt growth

Putting ride-hailing and taxi firms under same hat could blunt growth

The classification of ride-haling platforms and transport service companies into the same category might pose a threat to economic development in the Industry 4.0 era.
spanish taxis call off strike against uber

Spanish taxis call off strike against Uber

Spanish taxis late on Wednesday (Aug 1) called off their days-long strike against online ride-hailing services like Uber after Madrid agreed to let regional governments regulate the sector.
vinasun continues to lose out against strong competition from grab

Vinasun continues to lose out against strong competition from Grab

Vietnam Sun Corporation (Vinasun) has reported the third consecutive quarter of loss in its passenger transport business due to competition from ride-hailing services.
grab co founders on fortunes 40 under 40 list

Grab co-founders on Fortune’s ‘40 under 40’ list

Grab co-founders Anthony Tan and Tan Hooi Ling have been named in Fortune magazine's '40 under 40' list.
local ride hailing apps struggle to compete with grab

Local ride-hailing apps struggle to compete with Grab

Vietnamese ride-hailing businesses are still struggling to grab market share even after the departure of Uber from Southeast Asia and complaints about the top ride-hailing app Grab.
traditional taxi firms urged to apply technology and adapt to ride hailing trend

Traditional taxi firms urged to apply technology and adapt to ride-hailing trend

As ride-hailing services like Grab have become increasingly popular, traditional taxi firms are urged to apply technology and adapt to ride-hailing trend.
grab may have to operate as taxi firm

Grab may have to operate as taxi firm

Once the government approves the proposal of the Ministry of Transport (MoT), Grab will have to operate as a taxi firm and have to install a light box with the words “Electronic taxi.”
taxi associations team up to fight grab

Taxi associations team up to fight Grab

Fuelled by the fear of Grab acquiring their member firms, the taxi associations from the three regions proposed the Ministry of Transport (MoT) to issue solutions tostop business co-operation contracts between Grab and traditional taxi firms.
could grab and uber be forced to unwind their merger unlikely experts say

Could Grab and Uber be forced to unwind their merger? Unlikely, experts say

Singapore's competition watchdog has suggested that the recent merger between ride-hailing companies Grab and Uber could be undone after investigations revealed that the deal has infringed the Competition Act.
grab unable to fill ride hailing market alone

Grab unable to fill ride-hailing market alone

Grab's high discounts, difficulties in managing drivers, and limited services are creating opportunities for competitors, including Mai Linh, ABER, FastGo, and lately Go-Jek, which has just confirmed officially entering Vietnam in July.