get and Trans-taxi may have 10 Doing work times in the receipt of CCCS' provisional choice to create their representations to the commission and "offer answers to handle the Levels of competition fears elevated", stated CCCS.
get may Hence "entrench and improve" its presently dominant situation during the ride-hail platform market, stated CCCS.
Moreover, an acquisition will even affect the power of rival platforms to develop the size of their products and services.
The inclination by drivers to keep on with sure journey-hail platforms and scarcity of motorists are among the The explanations why it may be tricky for rivals to interchange any lack of Trans-taxi drivers in a very well timed way, claimed CCCS.
The 2 providers Earlier reported that 100 for each cent of your shares in Trans-taxi is going to be acquired as a result of seize's personal-hire vehicle rental arm get Rentals.
"We are going to go on to function our small business as usual," Trans-taxi explained to CNA on Friday early morning when asked about its response into the CCCS statement. The company declined to touch upon irrespective of whether It could be creating its representations about the issues lifted.
inside of a media release on Thursday (Jul eleven), the Competition and purchaser Commission of Singapore (CCCS) extra that drivers and passengers could encounter bigger selling prices if Competitiveness constraints on Grab from rival platforms are weakened. It could also cause much less possibilities for experience-hailing System services.
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"The proposed acquisition is Consequently anticipated to result in a higher diploma of 'stickiness' of Trans-cab drivers to Grab’s journey-hail System and a possible reduction in use of rival experience-hail platforms," reported CCCS.
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