The Competition and Consumer Commission of Singapore (CCCS) said the merger may have infringed competition laws and suggested interim measures to maintain market competition in the industry.
“The Private Hire Car (PHC) Industry has been through a lot lately,” Mr Ng, who is also Second Minister for Transport, wrote in a Facebook post. “I met a number of PHC drivers and taxi drivers following the announcement of Grab's merger with Uber's Southeast Asia operations. Many of the drivers are understandably concerned, as the merger affects their jobs and livelihoods.”
“The Workforce Singapore and NTUC’s Employment and Employability Institute have been working closely with the PHC BSOs (Booking Service Operators) and the National Private Hire Vehicle Association to offer employment assistance to affected drivers and employees,” he said."
Minister Ng is jumping the gun a little bit. No?
The "merger" is, for now, on hold as it may be anti-competition. For the 2nd Minister of Transportatio to comment as if the deal is done is unhelpful!!