Business
What Competition Commission Singapore should really be tackling instead of Uber/Grab Merger
By Investmoolah  •  April 8, 2018
Many of us are probably aware of Uber/Grab's merger; some of us may also be aware of Competition Commission Singapore's (CCS) decision to commence investigation into the merger on grounds of a "substantial lessening of competition". It is good that CCS is attempting to preserve a competitive landscape for us consumers, however this whole episode raises one question. Before Uber and Grab arrival into Singapore Prior to the arrival of Uber and Grab, Singapore already had a taxi industry that competed intensively among themselves. Under the Public Transport Council (PTC) and LTA's mandate, taxi companies were also forced to adopt a unified taxi fare structure where only some parts of their fare could be varied. All in all, there was a fair and transparent competitive landscape in Singapore, that was until... Arrival of Uber and Grab in Singapore The arrival of Uber and Grab was probably the best gift to ......
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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