Ryde calls for harsher financial penalties against Grab

The battle between local ride-hailing companies Grab and Ryde continues.

Shortly after the Competition and Consumer Commission of Singapore (CCCS) issued a statement for the infringement of competition law against Uber and Grab, Ryde has issued a statement that calls for harsher financial penalties against Grab.

Grab had responded strongly to the Competition and Consumer Commission of Singapore’s provisional findings. Grab called it a “very narrow approach in defining competition” on the CCCS’s provisional findings on its Uber deal.

Grab also mentioned that the proposed remedies as “overreaching and (going) against Singapore’s pro-innovation and pro-business regulations in a free market economy”

Ryde also commented on the Competition and Consumer Commission of Singapore (CCCS) proposed remedies.

Ryde called for the removal of any exclusivity practices and partnerships with Grab that will restrict these companies from working with other platforms. They called for the removal of these exclusivity practices and partnership so that Ryde can work with any taxi or car rental companies.

Ryde finished the letter to the Competition and Consumer Commission of Singapore by calling for substantial financial penalties to be imposed on Uber and Grab to stamp out anti-competitiveness practices in Singapore.

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Ugly War between Grab and Ryde

The latest spat is an ongoing war between Grab and Ryde. Ryde had recently reported to the Police and Land Transport Authority of Singapore (LTA) and Competition and Consumer Commission of Singapore (CCCS) for over 2000 phantom and over 300 fake accounts on its platform.

Ryde claimed that they had gathered compelling digital evidence back to IP addresses belonging to three companies, one of which was rival Grab.

Ryde claimed that drivers have lost about $50,000 in income due to the phantom bookings.

Grab said that it will be conducting its investigation into Ryde’s claims.