Singapore Stock Market News

Singapore Land Transport - Competition unlikely to intensify

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Publish date: Fri, 06 Jul 2018, 10:15 AM
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■ CCCS provisionally finds Grab/Uber deal to have reduced competition

■ Proposes remedial actions to prevent lessening of competition

■ Strong escalation of competition unlikely, having seen the casualties

■ Maintain view that taxi fleet is likely to have bottomed out
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