Malaysian competition watchdog wants to fine Singapore’s Grab US$20.5 million for abusive practices

Malaysia’s competition regulator on Thursday proposed a fine of over 86 million ringgit (US$20.5 million) on ride-hailing firm Grab for violating the country’s competition law by imposing restrictive clauses on its drivers.The Malaysia Competition Commission (MyCC) ruled that Singapore-based Grab, which has major backing from Japan’s SoftBank Group, had abused its dominant position in the local market by preventing its drivers from promoting and providing advertising services for its…