Region: Singapore

Uber loses appeal in Singapore over Grab deal

Singapore’s Competition Appeal Board has dismissed Uber’s appeal against a decision finding that the sale of its southeast Asian business to Grab was illegal.

13 January 2021

Singapore fines pool maintenance cartels

Singapore’s competition watchdog has sanctioned three companies for conspiring to rig bids for contracts to provide swimming pool maintenance services but reduced the fines for two of the conspirators after offering a fast track procedural discount for the first time.

15 December 2020

Singapore’s competition boss reflects on her first year and the future

Sia Aik Kor became chief executive of the Competition and Consumer Commission of Singapore in October 2019, replacing Toh Han Li, who stepped down after six years in the role. One year on, she spoke to Charles McConnell about the challenges of the covid-19 pandemic and her vision for the future.

10 November 2020

Covid-19 hasn’t changed Singapore’s approach to airline tie-ups, agency head says

The chief executive of Singapore’s competition watchdog has said that her agency’s guidance from 2018 on airline mergers and alliances remains valid even as the covid-19 pandemic has brought the industry to its knees.

30 October 2020

Singapore issues e-commerce platform guidance

Singapore’s antitrust enforcer has ended its market study into e-commerce platforms without identifying any significant competition concerns, but published new guidance on how it will analyse market definition and market power in this area.

11 September 2020

Singapore clears major Korean shipping deal

Singapore’s competition authority has unconditionally cleared a tie-up between two of the world’s largest shipbuilders despite finding high barriers to entry and a lack of countervailing buyer power in the markets for the supply of several large commercial vessels.

25 August 2020

Singapore on board with Alstom/Bombardier deal

Singapore’s antitrust watchdog has unconditionally cleared Alstom’s acquisition of Bombardier’s rail business, just weeks after the European Commission accepted substantial divestments to clear the tie-up.

18 August 2020

Singapore exempts covid-19 collaborations until 2021

Arrangements between competitors to sustain or improve the supply of essential goods or services that do not amount to hardcore cartel agreements are likely to benefit the public, Singapore’s competition authority has said.

20 July 2020

Singapore raises concerns about LSE/Refinitiv

Singapore’s competition watchdog is concerned that London Stock Exchange Group’s proposed $27 billion acquisition of Refinitiv could cause the merged company to provide foreign exchange benchmarks on unfair terms to rivals.

03 July 2020

What would Adam Smith say: The Asia-Pacific Tipline for 28 February 2020

The head of Australia’s competition authority said yesterday that his country’s economy is “too concentrated”. Speaking during the conference dinner at the International Competition Network’s merger workshop, Rod Sims said the stakes of getting merger control right are high. He opined that if Adam Smith, viewed by some as the “father of capitalism”, were alive today, Smith would “believe our economies are now much too concentrated and that we have collectively all failed in our mission.” Competition agencies should step back and ask themselves whether their merger regimes are facilitating “the level of competition needed for a well-functioning market economy,” Sims suggested.

28 February 2020

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