Malaysia Threatens to Fine Grab as Antitrust Scrutiny Rises
- Commission proposes 86.8 million ringgit fine against Grab
- Malaysia started probe last year after Grab acquired Uber SEA
Customers and drivers for Grab Holdings Inc.'s GrabFood collect orders n Jakarta.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Malaysia’s anti-monopoly watchdog proposed a fine on units of Grab Holdings Inc. for restricting drivers from showing its rivals’ ads, joining other Southeast Asian governments in turning up the heat on the ride-hailing giant.
The Malaysia Competition Commission could impose an 86.8 million ringgit ($21 million) fine against Grab Inc., GrabCar Sdn. and MyTeksi Sdn., it said in a statement Thursday. The regulator provisionally found that Grab prevented drivers from providing ad services for its peers during rides, distorting competition in the market.