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Philippine watchdog fines Grab, Uber for rushed merger, drop in service qualityThe Philippines' competition watchdog fined ride-hailing firms Grab and Uber Technologies on Wednesday, saying they consummated their merger too soon and that the quality of service dipped, becoming the second regulator in the region to penalize them. Uber [UBER.UL] sold its money-losing Southeast Orbi goot .....Next Indonesia shud fine Grab as well ....follow by vietnam .
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Hyundai raises Southeast Asia bet with second investment in Grab[SEOUL/SINGAPORE] Hyundai Motor Co has raised its stakes in growing Southeast Asian markets with a US$250 million investment in Singapore's Grab, its second in the ride-hailing firm, as it chases rivals in the race for new-age transportation. Read more at The Business Times.
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