Malaysian watchdog steps up probe into Singapore’s Grab

The investigation follows multiple complaints starting from last year accusing Grab of monopolistic practices after it bought Uber Technologies Inc’s South-East Asian operations. — AP

Malaysia is advancing an anti-monopoly investigation into Singapore-based Grab Holdings Inc., ramping up a broader government push to bring greater competition to its economy.

Malaysia Competition Commission chief executive officer Iskandar Ismail said last Thursday the anti-monopoly watchdog was stepping up the probe into the ride-hailing startup, which was first announced last year by the country’s transport ministry. He declined to elaborate on specific steps the commission was taking.