Singapore anti-trust watchdog fines Grab, Uber on Southeast Asia sale

Paul Miller | Bloomberg | Getty Images

Signage for Uber Technologies and Grab are displayed outside a building in Singapore, on April 26, 2018. 

Singapore’s decision to fine ride-hailing giants Grab and Uber will not have any substantial impact on either company, and the situation underscores the global shortcomings of existing regulations to protect customers, a transportation expert told CNBC.

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