Malaysia puts Grab on anti-competition watchlist after Uber stake buy

A Grab vehicle is pictured in Singapore March 26, 2018. REUTERS/Edgar Su

KUALA LUMPUR: Malaysia said on April 2 that it will monitor ride-hailing firm Grab for possible anti-competitive behaviour, after rival Uber Technologies Inc offloaded its South-East Asian operations to the Singapore-based firm. 

Uber's deal to take a 27.5% stake in Grab in exchange has raised a red flag with Singapore's competition watchdog, which said on Friday it was investigating a suspected breach of competition law.