Antitrust body OKs Grab-Uber deal, sets conditions

By Aika Rey/rappler.com – The Philippine Competition Commission (PCC) has bound ride-hailing company Grab Philippines to fair pricing conditions and service quality commitments for acquiring Uber.

The PCC released its decision on Friday, August 10 – 70 days after Grab first submitted commitments to address concerns of “virtual monopoly” of the ride-hailing service.

*Service quality – Commit to bring back average acceptance and cancellation rates before the Grab-Uber transaction, as well as faster response time to rider complaints.

*Fare transparency – Revise receipt to show the fare breakdown of the trip, including distance, fare surges, discounts, promo reductions, and per-minute charges if reinstated by the Land Transportation Franchising and Regulatory Board.

*Pricing commitment – Grab must not have “extraordinary deviation” from the minimum allowed fares. Prices cannot deviate by 22% prior to the acquisition deal.

*Removal of “See Destination” feature

*Driver/Operator non-exclusivity – Grab is not allowed to introduce policy that would result in drivers and operators being exclusive to the ride-hailing company.

*Incentive monitoring – The PCC will monitor the incentive scheme of Grab to its drivers that may affect its competitors’ conditions of entry.

*Improvement plan – Grab must implement driver performance standards, adopt a passenger code of conduct, dedicated service lines for labor regulations, and a driver rewards’ program.

Any breach of the conditions will subject Grab to fines of up to P2 million per violation. Unwinding the acquisition deal is still a possibility, depending on the gravity of the violation.

The commitments are enforceable starting Friday, the PCC said.

“In effect, while Grab operates as a virtual monopolist, the commitments assure the public that quality and price levels that would prevail are those that had been [there] when they still faced competition in Uber,” PCC Chairman Arsenio Balisacan said.

FULL STORY

Find more like this: News

  • Marvel Comics introduces new characters; Filipino superhero to make waves
  • FALSE: Filipino ‘royal family’ ruled over pre-colonial ‘Maharlika kingdom’
  • Valentine’s Day: Southeast Asians are spending more
  • How long is a Filipino Goodbye
  • Google Stations opening in 50 locations in the Philippines
  • Page 1 | 2 | 3 | 4 | 5 | 6 | 7

    Entertainment

  • Marvel Comics introduces new characters; Filipino superhero to make waves
  • ‘The first Pixnoys’: Filipinos will finally see themselves in Pixar short film
  • Filipino wins UAE’s largest singing reality show ‘The One’
  • Lea Salonga releases album of traditional Pinoy folk songs
  • Lea Salonga gets first Grammy nod with Broadway musical album
  • MORE...

    Features

  • Showcase of PH culture, heritage
  • US and Philippines: Friends, Partners, and Allies
  • A Transgender Paradox, and Platform, in the Philippines
  • The Box That Brings Christmas to the Philippines
  • ‘Pinoy Aquaman’ swims 23 kilometers for peace in Mindanao
  • MORE...

    Tourism

  • Philippines records ‘all-time high’ 7.1M tourist arrivals in 2018
  • Philippines island Boracay reopens for test run following huge cleanup
  • Philippines closes ‘cesspool’ tourist island of Boracay
  • Boracay Set to Ban Tourists for Six Months During Island ‘Rehabilitation’
  • Boracay: the good, bad and ugly sides to Philippine island for tourists
  • MORE...

    Sports

  • Filipino speed skater bags spot in 2020 Winter Youth Olympics
  • Pinoy gymnast Carlo Yulo earns historic qualification in worlds
  • Finding a way to bring the NBA to the Philippines
  • First Filipino table tennis Olympian Ian “Yanyan” Lariba dies at 23
  • Skateboarder Margielyn Didal wins 4th gold for Philippines
  • MORE...

    OFW News

  • DOLE suspends OFW deployment to Kuwait
  • Some OFWs turn to vlogging to beat loneliness, share life abroad
  • Overseas Filipino Bank to serve immigrants, workers
  • The ‘bagong bayani’ of the Philippines
  • Which countries pay OFWs the highest?
  • MORE...

    Environment

  • Boracay Set to Ban Tourists for Six Months During Island ‘Rehabilitation’
  • Boracay: the good, bad and ugly sides to Philippine island for tourists
  • Luzon has greatest concentration of unique mammals
  • Mindanao plants 3M trees in an hour, challenges world record
  • Fighting for sharks in the Philippines
  • MORE...

    Pinoy Places
    and Faces