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Grab, Uber deal may restrict competition, Philippine regulator says as it launches review

By Jet Damazo-Santos ( April 3, 2018, 09:49 GMT | Insight) -- The Philippine antitrust regulator has launched a review of ride-hailing firm Grab's acquisition of Uber's Southeast Asian operations, which it said would likely restrict competition and worsen concentration in an industry that provides a basic public service. It plans to issue interim orders within the week. Its review is "motu proprio," meaning it was not requested by the parties.The Philippine antitrust regulator has launched a "motu proprio" review of ride-hailing firm Grab's acquisition of Uber's Southeast Asian operations, which it said would likely restrict competition and worsen concentration in an industry that provides a basic public service. It plans to issue interim orders within the week....

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