The Philippine Competition Commission (PCC) has suspended its review of Grab Philippines’ acquisition of Uber Philippines after Grab made an offer of voluntary commitments to address anti-competitive concerns.
PCC Commissioner Johannes Bernabe said the antitrust body will assess during the period of suspension whether the commitments outlined by Grab are sufficient to address issues on price and services, which the Commission earlier flagged.
The PCC, citing a survey it commissioned, previously said that since Grab took over Uber, fares have increased, while service has deteriorated.
“If there are voluntary commitments agreed upon, then the commission will issue a decision approving these voluntary commitments offered by Grab,” Bernabe said.
“It’s going to take some time. If it doesn’t address the concerns, then Grab will probably be required to substantiate further or deepen their offer of voluntary commitments,” he added.
Full Content: CBN
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