We will monitor this because it is still early days and we don't know what will happen next," said Nancy Shukri, whose portfolio oversees the public transport licensing authority. "We have stressed that if there is any anti-competitive behaviour, the Competition Act will come into force. We have spelt this out to them," Nancy said, referring to a meeting with Grab representatives last Monday.Uber and Grab announced the deal last Monday, marking the U.S. company's second retreat from an Asian market. "This is in the interest of the taxi industry, which has been around for a long time. At the same time, Grab needs our support, and we are there to assist them as well," Nancy said.

Source: The Star April 02, 2018 06:45 UTC