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Malaysia’s competition regulator wants to fine Grab $20.5m
- Friday | 4th October, 2019
KUALA LUMPUR (Reuters) – Malaysia’s competition regulator on Thursday proposed a fine of over 86 million ringgit ($20.5 million) on ride-hailing firm Grab for violating competition law by imposing restrictive clauses on its drivers. MyCC also imposed a daily penalty of 15,000 ringgit beginning on Thursday for as long as Grab fails to address the concerns. Iskandar said Grab had 30 working days to make their representations to the commission before a final decision would be made. Malaysia would be the third country in the region to penalise Grab after the deal with Uber. Under Malaysia’s Competition Act, a monopoly or dominant player in the market is not an infringement of the law, unless it abuses its position in the market.
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