The Philippine Competition Commission (PCC) has slapped a 12 million peso (US$222,563) fine on ride-hailing platform Grab and another 4 million peso (US$74,190) fine on its former rival Uber for violating the anti-trust watchdog’s orders regarding their merger.
In August, the PCC approved Grab’s acquisition of its rival Uber subject to several conditions such as improved service, lower cancellation rates, and justifiable surges.
In a ruling released October 11, the PCC announced both companies had violated the agency’s order to keep operations separate until their merger was approved.
Grab and Uber also failed to maintain their pre-merger pricing policies, promotions to riders, driver incentives, and quality of services, the PCC stated.
Full Content: Rappler
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