FILE PHOTO: A Suit and logo will be displayed at the Money 20/20 Asia pacific Fintech event in Singapore, March 21, 2019. REUTERS/Anshuman Daga/File Photo
KUALA LUMPUR (Reuters) – Malaysia Competition Commission (MyCC) said it will announce its decision on Thursday, after the examination of the route from sturdy Suit, it is anti-competitive.
The regulator said last year it would be the monitor Suit for any anti-competitive behaviour, following its acquisition of a nearby rival Uber Technologies Inc. ‘ s Southeast Asian business, in March of last year.
Bloomberg reported last week that the competition watchdog’s chief executive officer, Iskandar Ismail said the commission has been the strengthening of the research and that as a result of multiple complaints about the monopolistic practices, which was introduced last year.
Singapore, which is based on the ride from the Pak has responded to say it had worked in collaboration with MyCC and it had no knowledge of, any infringement of the regulation, since the purchase of its rival.
In September of last year, Singapore has fined both the intervention and Uber have a total of$13 million and imposed other measures to address the concerns. In the Philippines, one has to pay 16 million pesos, a month later, saying the companies have violated any of the terms and conditions provided by the competition regulator.
Report by Liz, Lee, editing by Louise Heavens and Elaine Hardcastle