It says there is 'intense competition' between street-hail taxis and private-hire car drivers.
Grab was fined about $6.4 million while Uber was fined about $6.58 million by the Competition and Consumer Commission of Singapore.
The competition panel said it will suspend all restrictions on Grab if a new player can capture at least 30 per cent of the Singapore ride-hailing market.
Group had colluded to fix prices for years before whistle-blower alerted the authorities.
CCCS has entered into its first ever MOU on competition enforcement with Indonesia's KPPU on 30 Aug 18.
On 12 Sep 2018, the CCCS issued an infringement decision against the 13 chicken distributors for agreeing not to compete by coordinating the amount and timing of price increases of fresh chicken products.
Amount is the highest total financial penalty in a single case to date: CCCS
This Update provides a summary of the Guidance Note and highlights the differences from the draft guidance note.
The guidance note highlights procedural and substantive issues commonly encountered during CCCS' review process, and how airlines can take steps to avoid them.
This article in the SAL Annual Review encapsulates and evaluates the 2017 decisions of the Singapore courts on competition law. It is authored by Kala Anandarajah.