Tag: Grab

LTFRB Gives Go Signal to GoLag Ride Hailing App

LTFRB Gives Go Signal to GoLag Ride Hailing App

The Land Transportation Franchising and Regulatory Board (LTFRB) had reportedly allowed another ride-hailing app named GoLag to operate in the country for two years, having released its accreditation papers last Friday. GoLag is the third TNC to have recently received the go signal from the transportation authority, along with Hype and HirNa. The three will be providing competition, allaying fears of a monopoly by Grab which had bought out Uber last month. The Singaporean-ride hailing firm is currently being pressured by the LTFRB for allegedly raising its rates to Php 2 per minute. Source: CNN Philippines

Indonesia’s Go-Jek May Expand to the Philippines

Indonesia’s Go-Jek May Expand to the Philippines

LTFRB board member Aileen Lizada revealed that Indonesia’s ride-hailing and online payment company has requested a meeting with the transport regulator next week. It was reported last March that Go-Jek, which counts Google’s Alphabet, Temasek Holdings Ltd., and Tencent Holdings Ltd. would soon be revealing its expansion plans in Southeast Asia. Go-Jek, along with three other local TNC’s, are expected to fill the space vacated by Uber whose main competitor Grab, is now feeling pressure from the LTFRB due to its change in pricing and the riding public who are complaining about longer waiting times and picky drivers. Source: Reuters

Two New TNC’s Accredited by LTFRB

Two New TNC’s Accredited by LTFRB

The Land Transportation Franchising and Regulatory Board (LTFRB) last Wednesday had accredited two new TNC’s, Hype and HirNa, which is expected to directly compete with Grab. Hype, which has a business model that closely resembles Grab’s, is expected to serve the public by mid-May. HirNa will be initially rolled out in Davao City, while u-Hop is already operating as a TNC. Hype COO Jen Silan says that starting Monday, they will be accepting pre-qualifications and pre-accreditations for all drivers and TNVS with existing provisional authority permits, Certificates of Public Convenience, and case numbers with the LTFRB.   Source: CNN Philippines

LTFRB Gives Grab 5 Days to Explain Fare Change

LTFRB Gives Grab 5 Days to Explain Fare Change

The LTFRB issued a show-cause order last Wednesday seeking an explanation from Grab for alleged unauthorized fares. The agency gave the ride-hailing company 5 days to comply, or face suspension or cancellation. The order was said to have been a reaction to a revelation by PBA Party-list Representative Jericho Nograles who said that Grab had been charging passengers Php 2/min of travel time. In response, Grab said that LTFRB is aware of the extra charge, and the Chairman had already acknowledged the scheme last June 2017. Grab Philippines Public Affairs head Leo Gonzales also cited Department Order 2015-011 which allows […]

LTFRB Barrs Grab’s 2x Surge

LTFRB Barrs Grab’s 2x Surge

The Land Transportation Franchising and Regulatory Board (LTFRB) ordered ride-hailing company Grab this week to cap its surge limit only to “times 1.5” instead of “times 2”. According to LTFRB board member Aileen Lizada, the surge limit is to take effect immediately and will be held in place until new Transport Network Companies are able to operate. The LTFRB says that they immediately issued the order after receiving numerous reports from Grab passengers complaining about the spike in fares after the company’s acquisition of Uber. Grab spokesperson and policy head Leo Gonzales said that they respect the regulator’s decision to […]

Uber to Delay Shutdown in Singapore until April 15

Uber to Delay Shutdown in Singapore until April 15

The Competition and Consumer Commission of Singapore (CCCS) announced this week that Uber will be moving the shutdown of its app in the city-state from April 8 to the 15th. CCCS began their investigation into the Grab-Uber deal last week and gave interim measures to both companies to maintain their pre-transaction independent pricing. This week, CCCS said that Grab and Uber had provided them a new set of alternative interim measures and agreed to push back the shutdown of Uber’s app so the regulator can deliberate on the proposed measures. Source: Reuters

PCC to Examine Grab-Uber Deal

PCC to Examine Grab-Uber Deal

The Philippine Competition Commission said last Monday that it will be looking into Grab’s acquisition of Uber’s Southeast Asian business as the it could substantially reduce competition. In an official statement, the PCC said that the deal is expected to have a far-reaching impact on transportation services and the riding public. Grab and Uber dominated the ride-hailing market in the Philippines until Uber’s retreat from the region. The LTFRB recently assured the public that the deal will not give Grab a monopoly as three other smaller companies are expected to fill Uber’s place in around a year’s time.   Source: […]

Indonesia to Require Go-Jek, Grab to Register as Transport Business  

Indonesia to Require Go-Jek, Grab to Register as Transport Business  

The Indonesia transport ministry revealed this week that Go-Jek and Grab need to register as transport businesses. The requirement, which has to be completed within the next two months is expected to increase cost and scrutiny for both ride-hailing firms. Transport Minister Budi Karya Sumadi said in a conference that a new regulation requiring ride-hailing companies to get a license from his ministry for providing public transport has already been finalized. A license-holding company must ensure that its cars regularly pass a safety test, and its drivers have a special license for driving a public transport vehicle. Both firms have […]

Singapore Competition Watchdog to Probe Uber-Grab Acquisition

Singapore Competition Watchdog to Probe Uber-Grab Acquisition

Last Friday, Singapore’s competition watchdog said that it will be looking into the acquisition of Uber’s Southeast Asian business by its competitor Grab as it had reason to believe that the deal may have infringed the Competition Act. The Competition Commission of Singapore also proposed interim measures that will require Uber and Grab to maintain their pre-transaction independent pricing. This is the first ever occasion that the CCS had imposed such orders on any business in the country. Grab Singapore head Lim Kell Jay assured consumers and the commission that they have voluntarily committed to maintaining their fare structure and […]

3 More Firms to Compete with Grab in Philippine Ride-hailing Market

3 More Firms to Compete with Grab in Philippine Ride-hailing Market

In a media briefing earlier this week, LTFRB board member Aileen Lizada said that the riding public need not fear a Grab monopoly since there are three more Transport Network Companies (TNCs) applying for accreditation. Grab, the Singapore-based tech company recently bought out Uber’s business in the Philippines. Lizada revealed that companies “Lat Go,” “Owto,” and “Hype” are currently processing their requirements, but may take months before they are allowed to operate. She added that while Grab has a pending petition for a fare hike, the firm will not be able to initiate an increase on its own, it will […]