Examples of using Cccs in English and their translations into Vietnamese
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The Competition and Consumer Commission of Singapore(“CCCS”).
Grab and Uber have 15 working days from the receipt of CCCS' Proposed Infringement Decision to make representations to CCCS.
Grab has agreed to abide by remedies set out by the CCCS.
Additionally, CCCS said it has received"numerous complaints" from both riders and drivers on Grab's fares and commissions.
Grab has agreed to abide by remedies set out by the CCCS.
The CCCS also said Uber users must be offered"customer support to handle contractual and payment issues" until May 7.
Uber andGrab have 15 working days to make their proposals for remedies to the CCCS.
CCCS has provisionally found that the Transaction has removed competition between Grab and Uber, which were each other's closest competitor.
Uber andGrab have 15 working days to make their proposals for remedies to the CCCS.
The CCCS has also ruled that Grab and the Uber service must maintain prices for passengers and drivers, and remind both that their migration to the Grab platform is optional.
Uber and Grab have 15 workingdays to submit proposals to settle the issue to the CCCS.
We hope the CCCS will complete its review in an expeditious manner, so that we can continue competing with incumbent transport companies and with new entrants.
We have been andwill continue to submit weekly pricing data to the CCCS for monitoring," he added.
CCCS noted that Uber had entered into an agreement to collaborate with ComfortDelGro with the introduction of UberFlash to compete with Grab, and the collaboration was only withdrawn after the merger.
If the public consultation does not confirm that the proposed remedies, or any further remedies,are implementable and sufficient to address the competition concerns identified, CCCS may require Grab and Uber to undo the merger.
CCCS has examined internal documents of the Parties, and found that Uber would not have left the Singapore market by simply terminating its business if the Transaction had not taken place.
The expenditure new entrants would have to incur includes driver incentive schemes and rider promotions, in addition to acquiring a sufficient fleet of vehicles and pool of drivers,as well as partnerships with taxi operators, according to CCCS.
In such cases, CCCS will assess the effect of the merger on competition and decide if the merger has resulted, or is likely to result, in a substantial lessening of competition('SLC') in Singapore.
The Online Education Initiative( OEI)is a collaborative effort among California Community Colleges( CCCs) to ensure that significantly more students are able to complete their educational goals by increasing both access to and success in high- quality online courses.
CCCS had sent a letter to each company on Mar 9 to explain Singapore's merger notification regime and CCCS's corresponding powers to investigate, give directions, impose financial penalties and/or impose interim measures.
The IMD takes effect immediately from today and shall have effect until the completion of CCCS's investigation and/or resolution of any competition concerns that may arise from the Transaction or unless otherwise varied or revoked by CCCS due to material changes in market conditions.
CCCS chief executive Toh Han Li said,“Mergers that substantially lessen competition are prohibited and CCCS has taken action against the Grab-Uber merger because it removed Grab's closest rival, to the detriment of Singapore drivers and riders.
Nevertheless, the companies proceeded to complete the merger on Mar 26 and began the transfer of the acquired assets immediately, despite their own view that the outcome would be irreversible, thus rendering it practicallyimpossible to restore the status quo pre-merger, CCCS said, adding that its investigations revealed that the companies had even provided for a mechanism to apportion eventual antitrust financial penalties.
In a statement yesterday, the CCCS said its"interim measures directions" will remain in place until it completes its investigation into ride-hailing group Grab's acquisition of its American rival's South-east Asian business.
CCCS also found that Grab currently holds about 80 per cent of the market share, and that the“strong network effect” makes it difficult for potential competitors to scale and expand in the market, particularly given that Grab imposed exclusivity obligations on taxi companies, car rental partners, and some of its drivers.
In levying the financial penalties, CCCS has taken into account the relevant turnovers of the Parties, the nature, duration and seriousness of the infringement, aggravating and mitigating factors(such as whether the Parties were cooperative).
CCCS also found that Grab currently holds about 80 per cent of the market share, and that the“strong network effect” makes it difficult for potential competitors to scale and expand in the market, particularly given that Grab imposed exclusivity obligations on taxi companies, car rental partners, and some of its drivers.
At the conclusion of its investigation, CCCS has found that the Transaction is anti-competitive, having been carried into effect, and has infringed section 54 of the Competition Act by substantially lessening competition in the ride-hailing platform market in Singapore.
CCCS may require the parties to unwind the transaction unless the aforesaid public consultation confirms that any of the proposed remedies, or any further remedies, are sufficient to address the identified competition concerns, and are implementable in practice,” the watchdog said in a statement.
On Sept 12, 2019, CCCS accepted an application from KSOE for a decision on whether the proposed deal infringes section 54 of the Competition Act(Cap 50B), which prohibits mergers that have resulted, or may be expected to result, in a substantial lessening of competition within any market in Singapore.