The Philippines’ antitrust agency said on Saturday, April 7, it has ordered Uber Technologies to continue domestic operations as it reviews the ride hailing firm’s deal to sell its money-losing Southeast Asian business to rival Grab.
The move puts another hurdle in the transaction, following an order by Singapore’s competition watchdog that Uber delay its shutdown by a week because of an ongoing review.
“Uber’s compliance with our anti-trust counterpart in Singapore to extend the operation of its app indicates the feasibility of continuing its operations in the Philippines as well,” Philippine Competition Commission (PCC) chairman Arsenio Balisacan said in a statement.
The Philippine business of Uber was supposed to shut down on Sunday, April 8.
The antitrust body also tasked Uber and Grab to maintain the independence of their business operations, including ride hailing and delivery platforms, and customer and rider database.
Uber declined to comment while Grab did not immediately comment. Uber and Grab announced the deal late last month, marking the US company’s second retreat from an Asian market.
“This virtual monopolization of the market by Grab can harm the riding public,” said PCC, which started its review on Tuesday.
The Philippine transportation agency caps the number of ride-sharing vehicles at 65,000 across all brands and reviews the figure every three months.
Full Content: PhilStar
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
