Tag: Uber

Uber Unveils New “Driver” App

Uber Unveils New “Driver” App

Ride-hailing giant Uber unveiled this week a new app aimed at improving their drivers’ experience, which, according to the company’s head, is part of their “180 days of change” program. Uber CEO Dara Khosrowshahi revealed that the Driver app will include a number of features requested by drivers such as a real-time earnings tracker, a new status bar to help them decide their next location based on a spike in requests, and a notification feature that alerts drivers about upcoming earning opportunities. The program and the app is part of Uber’s series of improvements which it had announced June last […]

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: […]

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 […]

Arizona Governor Stops Uber’s Self-driving Vehicle Trials

Arizona Governor Stops Uber’s Self-driving Vehicle Trials

Arizona governor Doug Ducey wrote to Uber last Monday ordering the ride-hailing company to suspend its self-driving driving tests in the state after seeing the video of a pedestrian getting killed by one of the company’s autonomous cars last week. Ducey said in his letter that the firm had failed to make safety the top priority in its tests. The video showed that the human driver was looking down when the pedestrian walking her bike across the road got hit. Velodyne, the company which designed the collision-avoidance sensors used by Uber said that it could not explain the accident since […]

Grab Announces Integration of Uber in Southeast Asia

Grab Announces Integration of Uber in Southeast Asia

Uber made another retreat in Asia as the ride-hailing firm conceded its Southeast Asian business to Grab earlier this week. Grab president Ming Maa said that the decision was an independent one of both companies, while Uber CEO Dara Khosrowshahi said that the move will help them double down on growth plans as the invest more on products and technology. Uber will be taking a 27.5% stake in Grab and Khosrowshahi taking a seat on the board. The acquisition is expected to put further pressure on Indonesia’s Go-Jek, which is backed by Alphabet Inc. and Tencent Holdings. Source: Reuters

Self-driving Car Claims First Fatality

Self-driving Car Claims First Fatality

Arizona police reported last Monday that a self-driving Uber had killed a 49-year old woman crossing the street in the Phoenix suburb of Tempe, making it the first ever death caused by an autonomous vehicle. U.S. lawmakers have already been debating legislation that would hasten the introduction of self-driving cars. However, the incident is expected to deal a significant setback to the technology, with Uber suspending self-driving car tests currently being conducted in Arizona, Pittsburgh and Toronto. Transportation committee member Senator Edward Markey said that the accident highlighted the need for exceptional cautiousness when testing and deploying autonomous vehicles on […]

EU to Slap US Tech Giants with 3 Percent Turnover Tax

EU to Slap US Tech Giants with 3 Percent Turnover Tax

A proposal which may be adopted as early as next week could result to a 3% tax on the annual turnover of some of the biggest US tech firms. The tax would apply to companies with annual worldwide revenues above 750 million euros ($924 million) and annual “taxable” revenues above 50 million euros in the EU. This will include companies such as Google, Facebook, Uber, AirBnb, and Amazon, some of which have been criticized by large EU states for routing profits to low-tax states such as Ireland or Luxembourg. The EU revenue threshold was raised from 10 million to exempt […]