Grab to add platform fee after Singapore competition watchdog drops restrictions
Its first step would be to implement relatively lower levy of about S$0.30 for its ride-hailing service in next few months
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Singapore
WITH the Competition and Consumer Commission of Singapore (CCCS) releasing its two-year hold over Grab, the ride-hailing operator is now free to adjust its prices according to market forces. This could allow Grab to cash in on more of the value it has created over the past few years, observers said.
Grab's first step would be to add a platform fee of about S$0.30 for its ride-hailing service in the next few months.
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