CMC Markets analyst Margaret Yang said competition was heating up intensely, with ride-hailing firms like Uber and Grab usurping market share from traditional taxi operators. She added, however, that investors should wait for ComfortDelGro’s upcoming release of third-quarter earnings as well as news on the potential ComfortDelGro-Uber tie-up, before making their next move.
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Singapore's competition watchdog sets interim terms for Uber-Grab deal
The Competition Commission of Singapore has stipulated that Uber continue to operate in Singapore until May 7 to smoothen the transition.
SINGAPORE: Ride-hailing app Uber will remain online until Apr 15 while the Compettion and Consumer Commission of Singapore (CCCS) reviews proposed alternative interim measures, CCCS said on Friday (Apr 6) in a media release.