End the Grab monopoly, say PKR leaders
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Title : End the Grab monopoly, say PKR leaders
Category : Malaysians
PKR MPs Wong Chen and Nurul Izzah Anwar say that while first-mover advantage is recognised, the government must move in after a while to spread the business.PETALING JAYA: The country’s antitrust laws need to be reviewed in light of “monopolistic” practices by companies such as Grab, two PKR MPs said, with one even suggesting that the multibillion-dollar start-up should be broken up.Speaking at a webinar today, Subang MP Wong Chen and Permatang Pauh MP Nurul Izzah Anwar said that while they appreciated the impact that platforms such as Grab have had in boosting the gig economy, they were concerned about the company’s dominance.Wong said he was aware that companies such as Grab were able to capitalise on their first-mover advantage to create strong brand recognition and customer loyalty, but felt that the government should consider the dangers of monopoly.Starting off as a ride…
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