Malaysia is studying monopoly risk in the ride-hailing market in the country triggered by the merger of Grab and Uber, and is bringing the service under some existing regulations. Uber Technologies Inc sold its South-East Asian business to bigger regional rival Grab in March in exchange for a stake in the Singapore-based firm. The ministry said the land public transport agency received many complaints on Grab raising fares since the merger. Grab has become the region's sole dominant ride-hailing player. Singapore's antitrust body proposed fines on Grab and Uber, provisionally finding that their merger had reduced competition, and suggesting remedies such as the sale of their car-leasing businesses. Malaysia's ride-hailing services will be regulated from July 12, bringing them under the same regulation that the taxi industry is subjected to, transport minister Anthony Loke said in a press briefing.

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