Indonesia’s anti-trust watchdog levies $3 million in fines on Grab and partner

Indonesia’s anti-trust watchdog levies $3 million in fines on Grab and partner
Indonesia’s anti-trust watchdog said Grab had discriminated against its drivers, prioritizing those provided by partner PT Teknologi Pengangkutan Indonesia to the Softbank-backed firm. (AFP file photo)
Short Url
Updated 03 July 2020

Indonesia’s anti-trust watchdog levies $3 million in fines on Grab and partner

Indonesia’s anti-trust watchdog levies $3 million in fines on Grab and partner
  • Grab infringed the anti-monopoly laws after evaluating the case
  • Grab is Southeast Asia’s most valuable startup with a valuation of $14 billion

JAKARTA: Indonesia’s anti-trust watchdog announced fines totaling more than $3 million for Grab and its business partner after finding it guilty of breaking anti-monopoly laws, a verdict the ride-hailing firm vowed to appeal.
The Business Competition Supervisory Commission (KPPU) said it had found Grab had discriminated against its drivers, prioritizing those provided by partner PT Teknologi Pengangkutan Indonesia (TPI) to the Softbank-backed firm.
In a statement, Dinni Melanie, the chair of the watchdog judicial panel, said it had found Grab infringed the anti-monopoly laws after evaluating the case on Thursday evening.
The agency imposed a fine of $2.1 million on Grab and a penalty of $1.03 million rupiah on TPI.
A spokesman for Grab, which is Southeast Asia’s most valuable startup with a valuation of $14 billion, said the firm would appeal the verdict.
“Grab’s view is that it has not violated any regulation, engaged in any anti-competitive business practices, or injured any third parties,” he said, characterizing the watchdog’s findings as “unsubstantiated allegations.”
Reuters could not immediately reach TPI to seek comment.


Saudi ports container handling rises 6% in December

Saudi ports container handling rises 6% in December
Updated 17 min 57 sec ago

Saudi ports container handling rises 6% in December

Saudi ports container handling rises 6% in December
  • The total cargo tonnage handled at Saudi ports in December 2020 reached more than 26 million tons
  • This increase comes as a result of the current development processes that includes raising the level of operational and logistical performance and enhancing the competitiveness of the services provided to beneficiaries

Saudi ports saw an increase of 6 percent year-on-year (YoY) in the number of containers handled in December 2020 to 631,000 twenty-foot equivalent unit (TEU).

The total cargo tonnage handled at Saudi ports in December 2020 reached more than 26 million tons, via 1,032 vessels, according to the monthly statistical bulletin of Saudi Ports Authority (Mawani).

The total vehicles cargo reached 89,000, while livestock cargo rose by 18 percent to reach more than 173,000.

This increase comes as a result of the current development processes that includes raising the level of operational and logistical performance and enhancing the competitiveness of the services provided to beneficiaries, in addition to developing quays and raising the capabilities of the infrastructure and capacities in such a vital sector, thus fulfilling the requirements of development, the national economy and global supply chains, Mawani said.