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News and Events

The Headline-Making Business Deals of 2018

Big businesses had quite an appetite for acquisitions this year

Big businesses have had quite an appetite for acquisitions this year. Despite the volatile market conditions outside our shores (no thanks to Trump and China), local and even regional business players have had a good year of deals.Here are some that have ...

by Elyssa Christine Lopez for Esquire Philippines  | December 30, 2018 06:00:00
News and Events

PH Anti-Trust Body Fines Grab and Uber Php16-M for Various Violations Regarding Merger

The PCC listed 10 violations the two parties made to its Interim Measures Order

The Philippine Competition Commission (PCC) has announced that it will be fining transport network companies (TNCs) Grab Philippines and Uber a total of Php16 million for various violations in connection with their merger last April.In a press release sent to media outlets ...

by Lorenzo Kyle Subido  | October 17, 2018 02:00:00
News and Events

Grab, Uber Fined $9.5 Million by Singapore's Competition Watchdog

Body also ordered Grab to revert to its pre-merger pricing

Singapore’s competition body has fined Grab and Uber a total of $9.5 million for its merger, saying the deal “has led to a substantial lessening of competition in the provision of ride-hailing platform services” in the city-state.Related story: Singapore Proposes Fines on ...

by Paul John Caña  | September 24, 2018 12:00:00
News and Events

US Ride-Hailing Firms Turn to E-Bikes, Scooters for Shorter Journeys. Is This Possible in PH?

Like Lyft, Uber is opening up its app to be used for riding electronic bikes or scooters

Amid preparations for its highly anticipated IPO, Uber is planning to offer electric bicycles and scooters as alternative transportation modes particularly for shorter trips, CEO Dara Khosrowshahi said in an interview with the Financial Times.Khosrowshahi admitted that they earn less with bike ...

by Pauline Macaraeg  | August 28, 2018 02:00:00
News and Events

(Infographic) Is LTFRB to Blame for What Grab PH Calls a Ride-Hailing Vehicle Supply Crisis?

The TNVS shortage has reached crisis proportions that Grab says is bound to get worse

If you want to understand why Metro Manila residents are having such a hard time booking rides with Grab in recent months, a quick and easy way is to take a look at the graph in this page on the ride-hailing company’s ...

by Pauline Macaraeg  | August 20, 2018 04:00:00
News and Events

Grab Vows to Provide Customers Detailed Breakdown of Fares for Each Trip

Greater transparency among commitments made to regulators to win approval for merger with Uber

Grab passengers will be able to receive a clear and detailed breakdown of their fares by the end of the month, Grab Philippines Country Head Brian Cu said in a press conference August 10, Friday.Welcoming the Philippine Competition Commission’s (PCC) approval of ...

by Pauline Macaraeg  | August 10, 2018 05:00:00
News and Events

Lower Fares and Easier Bookings Expected With PCC's Conditional Clearance of Grab-Uber Merger

The PCC will monitor Grab for a one-year period to ensure that it meets certain commitments addressing anti-competitive concerns

The Philippine Competition Commission (PCC) has cleared the merger between ride-hailing firms Grab and Uber in the country, the anti-trust body announced in August 10.In what it calls a “Commitment Decision”, the PCC detailed seven conditions that Grab has to meet to ...

by Lorenzo Kyle Subido  | August 10, 2018 01:00:00
News and Events

Singapore Proposes Fines on Grab, Uber for Violating Competition Laws

The city-state's competition authority warns it may move to undo the merger if anti-trust concerns are not addressed

Singapore’s antitrust body has proposed fines against ride-sharing giants Uber and Grab after finding that the company’s merger substantially lessened competition in the city-state. It also warned it may move to undo the merger.The Competition and Consumer Commission of Singapore (CCCS) released ...

by Paul John Caña  | July 05, 2018 08:00:00
News and Events

How Frequently Do Filipino Commuters Use Ride-Hailing Apps?

Survey shows that transport network vehicle services have become a public necessity

On March 26, ride-hailing companies Uber and Grab announced they were merging their Southeast Asian operations in a multi-billion dollar deal, leaving the Philippines with only one major player in the transport network vehicle services (TNVS) industry by the middle of April ...

by Pauline Macaraeg  | April 19, 2018 10:00:00
News and Events

Grab Says Average Fares Have Gone Down Post-Acquisition of Uber

But based on Grab's data, fares have gone up in 40% of 20 most common routes in Metro Manila

Passenger fares have gone down an average of two percent since Grab’s acquisition of Uber in the region, Grab officials said during a press conference on Wednesday, April 18.Grab Philippines Country Head Brian Cu presented data showing how fares have gone down ...

by Paul John Caña  | April 18, 2018 07:00:00
News and Events

Uber Alternative Arcade City Announces Southeast Asia Launch on April 16, But LTFRB Issues Halt Order in PH

The US-based platform says it’s not a centralized operation like Grab and Uber but a peer-to-peer network

Just over two weeks since ride-sharing giant Uber’s announced its departure from Southeast Asian markets following its merger with Grab, a new and different kind of ride sharing network seems poised to take its place.Arcade City said it will launch its mobile ...

by Paul John Caña  | April 13, 2018 11:00:00
News and Events

LTFRB Tells Grab to Halve Price Surge Cap from 100% to Only 50%

Agency explains measure will remain while the ride-hailing firm faces no competition

The Land Transportation and Franchising Board (LTFRB) has ordered ride-hailing giant Grab to limit its allowed maximum fare price surge from 100 percent to only 50 percent of the regular fare, according to a Facebook post of the company’s country head in ...

by Elyssa Christine Lopez  | April 11, 2018 07:00:00
News and Events

Uber App Still Works in PH But Has Limited Functionality, and Little or No Support

Grab says it’s bearing the cost of maintaining Uber’s app in the country but only until April 15

The Uber ride-hailing app is still available in the Philippines even after April 8 in compliance with the Philippine Competition Commission (PCC)’s order for both Grab and Uber to maintain independent operation in the country while it conducts a review of the ...

by Elyssa Christine Lopez  | April 09, 2018 05:00:00