Malaysia reviews monopoly risk in ride-hailing market after Grab-Uber deal

Signage for Uber Technologies Inc. and Grab are displayed outside a building in Singapore, on Thursday, April 26, 2018. Ride-hailing service Grab started a new app in March that will be a single marketplace offering different sharing options for bicycles and electronic-scooters in Singapore, according to a company statement. Photographer: Paul Miller/Bloomberg

KUALA LUMPUR: Malaysia is studying monopoly risk in the ride-hailing market in the country triggered by the merger of Grab and Uber, and is bringing the service under some existing regulations, the transport ministry said on July 11. 

Uber Technologies Inc sold its South-East Asian business to bigger regional rival Grab in March in exchange for a stake in the Singapore-based firm.