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Technology Malaysia's competition regulator to decide on ride-hailing firm Grab on Thursday

14:41  02 october  2019
14:41  02 october  2019 Source:   reuters.com

Shell's first electric vehicle fast charger lands in Singapore

Shell's first electric vehicle fast charger lands in Singapore Royal Dutch Shell, the energy giant known for its fossil fuel production and hundreds of Shell gas stations, is creeping into the electric vehicle-power business. The company's first DC fast charger launched Monday at a Shell gas station in Singapore. Greenlots, an EV charging startup acquired by Shell in January, installed the charger. This is the first of 10 DC fast chargers that Greenlots plans to bring to Shell service stations in Singapore over the next several months. The decision to target Singapore is part of Greenlots' broader strategy to provide EV charging solutions across all applications throughout Asia and North America, the company said.

Southeast Asian ride - hailing firm Grab is aiming to start the new year with a bang and an awful lot of bucks. The company, which acquired Uber’ s local business Grab is already the most capitalized startup in Southeast Asia’ s history, having raised around .8 billion from investors, according to data

Last month, Singapore slapped ride - hailing firms Grab and Uber with fines and imposed restrictions on their businesses to open up the market to SINGAPORE (Reuters) - Uber Technologies Inc has decided to appeal a decision by the Singapore competition regulator that its merger with regional

KUALA LUMPUR (Reuters) - Malaysia's Competition Commission (MyCC) said it will announce its decision on Thursday after investigating whether ride-hailing firm Grab is anti-competitive.

FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore © Reuters/Anshuman Daga FILE PHOTO: A Grab logo is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore

The regulator said last year it would monitor Grab for possible anti-competitive behavior after its acquisition of close rival Uber Technologies Inc's Southeast Asian business in March last year.

Bloomberg reported last week that the competition watchdog's chief executive officer Iskandar Ismail said the commission was stepping up that investigation following multiple complaints about monopolistic practices since last year.

Singapore-based ride-hailing Grab responded saying it had cooperated with MyCC and was not informed of any regulation breaches since buying its rival.

Last September, Singapore fined both Grab and Uber a total of S$13 million and imposed other measures to address competition concerns. The Philippines fined them 16 million pesos a month later, saying the firms violated the conditions set by its competition regulator.

(Reporting by Liz Lee, editing by Louise Heavens and Elaine Hardcastle)

Ride-hailing companies Uber, Lyft won't testify before Congress .
Uber Technologies Inc and Lyft Inc declined to appear on Wednesday at a U.S. House of Representatives hearing on issues relating to the ride-hailing industry, a congressional committee said. © Reuters/MIKE BLAKE Lyft supporters gather for the Lyft IPO as the company lists its shares on the Nasdaq in the first-ever ride-hailing initial public offering, in Los Angeles The two ride-hailing companies had been asked to appear as part of a House Transportation and Infrastructure Committee inquiry on safety and labor practices as lawmakers seek to prepare legislation that will impact the industry.

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