Malaysia Competition Commission imposes $20 million fine on Grab for violating competition law

MyCC has imposed a daily penalty of 15,000 ringgit starting from today for as long as Grab fails “to take remedial actions as directed by the commission in addressing the competition concerns”. On Thursday, Malaysia’s competition regulator proposed to levy a fine of $20.53 million (86 million ringgit) on ride-hailing firm Grab for violating the…

Uber plans on integrating bus and Tube timetables in its app

The strategic move places Uber in direct competition with venture-capital backed startup Citymapper. On Tuesday, as per a report from the Financial Times which cites source familiar with the matter at hand, Uber Technologies Inc plans on integrating the bus and Tube timetables of Transport for London. The development will place Uber in direct competition…