By Bernie Cahiles-Magkilat
The Philippine Competition Commission (PCC) has extended Grab Philippines Inc. compliance to its voluntary commitments for more than three months even as the anti-trust authority said that the dominance of the merged Grab-Uber has remained a monopoly in the ride-hailing market.
In a statement, the PCC extended the compliance deadline to Grab’s voluntary commitment, which resulted in its conditional clearance of its acquisition of Uber, to October 20 this year or 71-day extension from its expiry on August 11.
The extension, PCC said, was meant to give way to negotiations for a new or amended set of voluntary commitments to address the lingering competition concerns arising from the acquisition.
The same framework of measures may be the basis of new or amended commitments but possibly with adjusted metrics to hold Grab in check for its price surges, driver discrimination through booking cancellations, and service quality. The term of the new or amended commitments will also be the subject of negotiations.
PCC Chair Arsenio M. Balisacan expects to sign a renewed set of commitments that is fair and reasonable and that protects consumers from Grab’s currently unchallenged dominance in the market.
“We also hope to raise the level of competitive intensity in the market and bring about market conditions conducive to new entrants,” said Balisacan.