Malaysia threatens ride-hailing firm Grab with $21 million fine

Malaysia’s competition watchdog on Thursday threatened to hit Grab with a $21 million fine for practices that allegedly reduce competition, the latest problem for the ride-hailing giant.Grab is the biggest ride-hailing firm in Southeast Asia, and has strengthened its hold on the market since buying US rival Uber’s operations in the region last year.

The Malaysia Competition Commission proposed fining Grab almost 87 million ringgit for preventing its drivers from providing advertising services for the company’s competitors.“It is important that barriers to entry for new players remain low, and for existing players to have the ability to grow and compete on merits to ensure that competition can remain healthy,” said Iskandar Ismail, the watchdog’s chief executive.

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