Ride-hailing firm Uber will have to pay a $6.58 million penalty after its appeal against a 2018 decision that it had breached competition laws was dismissed.
Two local motor companies have bought Uber-owned Lion City Rentals, marking the U.S.A ride-hailing firm's complete exit from Singapore.
Among the ideas for a masterplan put forth by taxi and private-hire firms is an integrated app for users to choose from chauffeured rides, buses and trains.
Indonesian ride-hailing firm Go-Jek has launched a beta version of its app here. The app can be downloaded from Thursday, 29 November.
Ride-hailing firm Grab has decided not to appeal against an anti-competitive penalty, and will pay the $6.42 million fine imposed.
The Uber-owned vehicle leasing operator, Lion City Rentals, still has several thousand cars - many unhired - in its fleet.
Observers have welcomed the Competition and Consumer Commission of Singapore's decision on the Grab-Uber deal but said regulations should be clearly defined.
Grab noted that there is no obligation for it to inform the Competition and Consumer Commission of Singapore of the merger, though it did so.
Grab was fined about $6.4 million while Uber was fined about $6.58 million by the Competition and Consumer Commission of Singapore.
Local start-up Ryde is upping the ante against its ride-hailing rivals by upgrading its RydeX private-hire car booking service to go on-demand.
Ride-hailing firm Grab will submit a written representation appealing against the consumer watchdog's decision on its acquisition of Uber's business.
The Competition and Consumer Commission of Singapore has determined that Grab's acquisition of Uber is an infringement of competition laws.
Grab has launched its food delivery service - GrabFood - in line with its aim to be a one-stop essential services app, beyond just ride-hailing.
Hundreds of Uber's unhired cars have hit the used car market, many of which consist of Mazda3 sedans and Honda Vezels, a week after the app shut down here.
British accountancy firm Smith & Williamson has been appointed as an independent agent by Uber and Grab to ensure interim measures are adhered to.
A new ride-hailing app will make its debut in Singapore within the next two weeks, making it the third firm to enter the market since Uber's departure.
Ride-hailing firm Uber may have made it clear that it intends to leave Singapore but commuters and drivers are still hanging on to the app.
The Uber app will cease here after this weekend, even with the competition watchdog yet to complete its probe into the Grab-Uber merger.
A slew of newcomers has entered the ride-hailing market following Grab's acquisition of Uber's South East Asian business two months ago.
Singapore's competition watchdog said it has noted the news of potential new entrants into the ride-hailing industry, as it continues its probe into the merger.