Indonesian ride-hailing app Go-Jek will spend 500 million USD to expand its operation to Thailand, Vietnam, Singapore and the Philippines in the next few months, it said on May 24.
The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade issued a decision on May 18 on its official probe into ride-hailing company Grab’s takeover of Uber Technologies’ Southeast Asia business.
A number of drivers who used to work with the ride-hailing company Uber say they are uncertain about their futures after the company closed here last week.
The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade has decided to conduct a preliminary investigation into Grab’s purchase of Uber’s stakes in Vietnam, which is suspected to breach regulations on economic concentration under the country’s Law on Competition 2004.
The Competition and Consumer Commission of Singapore (CCCS) said on April 13 that it has imposed several interim measures on Grab’s acquisition of Uber until competent agencies finish their investigation into the deal.
Grab’s acquisition of Uber opens the door for Vietnamese businesses to enter the ride-sharing market, said Khuat Viet Hung, Vice Chairman of the Vietnam National Safety Traffic Committee.
After Grab’s takeover of Uber on March 26, some Vietnamese transport businesses are taking advantage of an opportunity to invest in the lucrative ride-hailing market.
The Philippines has announced that it will put the ride-sharing service provider Grab into the anti-competition watchlist after its acquisition of rival Uber’s Southeast Asia business.
Malaysia said on April 2 that it will put Grab on the anti-competition watchlist after rival Uber offloaded its Southeast Asian operations to the Singapore-based taxi firm.
Singapore announced on March 30 that it is investigating the sale of US ride hailing giant Uber's Southeast Asia business to Grab over concerns that it may impact competition in the city-state.
The Ministry of Industry and Trade (MoIT) of Vietnam has requested Grab to report on its purchase of Uber in the Southeast Asian market, including Vietnam.
The Hanoi Department of Transport has asked the municipal People’s Committee to officially ban Uber and Grab cars on 11 inner-city streets after a trial month.
The jury on February 7 decided to suspend the trial of a civil case between domestic taxi operator Vinasun and Grab for one month after hearing statements by representatives of both sides.
The Ho Chi Minh City People’s Court commenced trial looking into the suit initiated by Vinasun against the popular ride hailing service, Grab, on accusations of unfair business practices.
Hundreds of young men in the coastal villages around Da Nang city have given up offshore fishing to work as taxi drivers, another sign that the traditional way of life in the central coast is changing fast, the Lao dong (Labour) newspaper reports.
Vo Quoc Uy and Duong Thien Quang won the boys’ double category at the International Tennis Federation’s Asia U14&U Development Championship, Division 2, on January 13 in Ho Chi Minh City.
Grab has explained why the company decided to increase the percentage it took from the fares of GrabBike and GrabExpress services since the beginning of this year.