It added that Grab and Trans-cab “expressed their respect to the regulatory procedure as well as their appreciation to CCCS with the complete overview”.
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Responding to CNA queries on Thursday, get reiterated its assertion from earlier this thirty day period that it "wished to aid Trans-Cab in its electronic transformation and assist to boost its drivers’ livelihoods" as shopper behaviours shift.
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The watchdog said earlier this thirty day period that drivers and travellers could experience bigger rates if competition constraints on seize from rival platforms are weakened.
For peak period or peak interval hour, if there is shortage of vehicle, we'd change to larger seating ability without having extra Price tag.
subsequent Thursday's announcement, CCCS famous Grab’s "commitment to functioning in compliance with Competitors laws as well as their intention to add positively for the aggressive landscape in Singapore".
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This is because the proposed acquisition will "appreciably weaken" rival trip-hail platforms in Singapore, thereby which makes it more most likely for click here get to "entrench and improve [its] currently dominant situation".
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