MANILA — Philippine Competition Commission (PCC) Chairman Arsenio Balisacan said Friday the antitrust body has given the green light on the acquisition deal between transport network companies (TNCs) Grab and Uber.
This is after the PCC finally approved the voluntary commitments submitted by Grab to the Commission.
Balisacan said even with the approval, Grab will be subjected to monitoring for a minimum of six months.
Among the voluntary commitments that have to be met by the TNC include improving the quality of its service by bringing back market averages for acceptance and cancelation rates before the merger happened, and its response time to rider complaints.
Grab fares shall not have an “extraordinary deviation” from the minimum allowed fares, which are set by the Land Transportation Franchising and Regulatory Board.
PCC Commissioner Stella Luz Quimbo mentioned that the “extraordinary deviation” should not be above 22 percentage points of the fare before the acquisition.