Grab Singapore Uber 

Grab, Uber fined a combined $13 million by competition watchdog for March merger

SINGAPORE – Singapore’s competition watchdog on Monday (Sept 24) fined ride-hailing firms Grab and Uber a combined $13 million for their merger in March, which saw the sale of Uber’s South-east Asian business to Grab for a 27.5 per cent stake in Grab. Grab was fined about $6.4 million while Uber was fined about $6.58 million by the Competition and Consumer Commission of Singapore (CCCS). In a statement, the CCCS reiterated its decision that the deal between the two firms had reduced competition in the ride-hailing scene and said it…

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Asia Uber 

Uber is said to reach agreement on South-east Asian sale to rival Grab

SAN FRANCISCO/SINGAPORE (BLOOMBERG) – Uber Technologies Inc has reached an agreement to sell its South-east Asian ride-hailing business to rival Grab and could announce the deal as early as Monday morning (March 26) in Singapore, people familiar with the matter said. The agreement – which includes all of Uber’s operations in Southeast Asia as well as Uber Eats in the region – gives Uber a stake of between 25 per cent and 30 per cent in the new combined business, the people said, asking not to be identified ahead of…

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Singapore Traffic Police Uber 

Uber knowingly bought 1,000 unsafe cars and leased them to drivers in Singapore

A man arrives at the Uber offices in Queens, New York. (File photo: Reuters/Brendan McDermid)  SINGAPORE: Ride-hailing company Uber bought and leased Honda Vezel cars to its drivers even though the model had been recalled due to a fire risk, a report by the Wall Street Journal (WSJ) on Thursday (Aug 3) claims.  The model was recalled by Honda in April 2016 for an electrical component that could overheat and catch fire. WSJ said according to internal Uber emails and documents it reviewed and interviews with “people familiar with Uber’s operations in…

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News Uber 

Uber, Grab broke the rules by tolerating colorums

If Transportation Network Companies (TNCs) want to engage in the business of public transportation, they need to follow the rules just like any other type of public utility vehicles (PUVs). The Land Transportation Franchising and Regulatory Board (LTFRB) made this stand amid an online petition to “lift the suspension” against TNCs such as Uber and Grab. The LTFRB clarified that ride-hailing services have not been suspended. However, only those with Provisional Authority (PA) or Certificate of Public Convenience (CPC) may be allowed to operate. “The TNCs agreed to fully comply…

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News Singapore Uber 

Minimum age of private-hire car drivers in the spotlight after fatal Uber accident

SINGAPORE: “They are scared seeing young Uber drivers practically staring at their Global Positioning System (GPS) apps on their mobile phone during their journey,” said Lance, after dropping the last of his Uber Pool passengers. The 40-year-old writer, who drives most nights and weekends, said his passengers often tell him about their bad experiences with other Uber drivers. Among their complaints are that young drivers are not familiar with the roads, and that they rely too much on GPS. “I have 19 years of experience, and honestly, all those years…

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ITRA Itra Singapore News Phone Scam Ponzi Ponzi Scheme Singapore Spain Timeshare Timeshare Scam Top 10 Scams 2016 Uber UK 

Fraud Warning

ATTENTION: all ITRA clients’ current, pending and potential. Please be aware that ITRA has discovered a fraudulent operator in the north of England claiming to be an ITRA agent. This scammer seems to have illegally sourced and copied ITRA claim documents. Allegedly, this operator is selling the claim to victims of financial fraud by charging up front fees in order for ITRA to claim less percentage upon successful judgment. Please take strict note. ITRA DOES NOT SELL ITS CLAIM TO VICTIMS OF FINANCIAL FRAUD. All claimants from registered and agents…

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Ministry of Manpower Property Singapore Taxi Uber 

Property agents in Singapore becoming Uber drivers

SINGAPORE (BLOOMBERG) – When Mr Billy Loh started in 2008 as a property agent, his profession was seen as a route to wealth in Singapore. Now, he has to know his way around the city to pay the bills. Mr Loh, 50, is driving for Uber Technologies when government curbs to cool the market have mired property prices in the longest losing streak in 17 years and transaction volumes have plunged by as much as two-thirds since 2012. After going half a year without doing any deals, he switched to driving and…

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