PCC to Set Rules on Grab to Ensure Fairness

The Philippine Competition Commission (PCC) said this week that it will be strictly monitoring Grab to make sure that it follows rules to ensure fairness to consumers given its “virtual monopoly” on the local ride-sharing market.

PCC chairman Arsenio Balisacan says that they will hold Grab to the commitments it has previously made, which include the improvement of fare transparency, higher acceptance rates for bookings and faster response time to complaints, and re-evaluation of drivers incentives.

The watchdog said that Grab can face fines up to two million pesos per offense, and serious non-compliance can lead to the invalidation of Grab and Uber’s deal.  

Source: Reuters