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Grab Philippines Statement: PCC’s Motu Proprio Review of the Aquisition of Uber Assets

We have officially been notified yesterday, April 3, by the Philippine Competition Commission (PCC) through an e-mail notice of the initiation of Motu Proprio review on the Uber acquisition deal. As the quasi-judicial body mandated to implement the national competition […]

We have officially been notified yesterday, April 3, by the Philippine Competition Commission (PCC) through an e-mail notice of the initiation of Motu Proprio review on the Uber acquisition deal.

As the quasi-judicial body mandated to implement the national competition policy and to enforce the Philippine Competition Act or R.A.10667, we expected that the PCC would conduct a review of Grab’s acquisition of Uber assets to understand the impact to consumers and driver-partners.  

The PCC can expect Grab’s cooperation in this Motu Proprio review. We will prepare the necessary documents and share information required by the PCC, and will closely work with the Commission to address whatever questions and clarifications they may have.  We are willing to collaborate with the government and regulatory bodies, as always, to ensure that we fairly address the needs of our stakeholders.

Five years ago, Filipino commuters would endure long hours of waiting time, either hailing a cab or queuing for train and/or bus, just to get to their destinations. Grab started with a mission of solving local transportation challenges and has eventually improved the availability and quality of on-demand transportation in the Philippines.

This was done by promoting a fair, honest and collaborative TNVS community. We strive to set a balance between putting the interests of consumers and driver-partners at the core of our operations while closely working with the government and regulatory bodies.

Meanwhile, as PCC conducts its review, Grab will continue to put utmost support to ensure full transition of accredited Uber drivers. To our driver-partners, we are doing our best to minimize any disruption of services so you can continuously get jobs. To our consumers, we are continuously improving our services to meet your daily transportation needs and we will always adhere to the regulatory guidelines on pricing.

 

Sincerely,

Leo Gonzales,

Public Affairs Head, Grab Philippines

 

 

Grab Philippines Statement: PCC’s Motu Proprio Review of the Aquisition of Uber Assets

as of 4April 2018, 10:00am

 

 

 

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