Commuters groups have raised alarm over the acquisition of the motorcycle taxi firm Move It by Grab Philippines.
During the hearing of the House committee on Metro Manila development on Wednesday, the groups Lawyers for Commuters Safety and Protection and Digital Pinoys said Grab's entry could result in fare hikes and the firm's "monopoly" of the motorcycle ride-hailing service.Company executives said Grab engages in legitimate and fair business, and looks after the welfare of its drivers and customers.
Gustilo recounted that his daily travel of 25 kilometers then costs from P200 to P250. It has now increased to P500 and during peak hours, the fare reaches P800. “Dun po kami medyo na mayroong agam-agam. Tatlo lang po yung na-accredit. Kapag nagkaroon po ng bago at ito po ay through acquisition of any of the three then it's a backdoor entrance. Hindi po dapat iyon dahil kinakailangan dumaan sa technical working group at committee,” Inton said.
“Regarding overcharging and shortchanging, Grab does not in anyway overcharge its customers nor shortchange the income of its driver partners and in fact Grab prides itself on its ability to create a balance and sustainable market place while offering competitive rates aligned with the needs and feedback of its driver and partners and merchant partners and consumer,” lawyer Katrisha Kok, legal counsel of Grab Philippines, said.
She said that Grab Philippines remained fully committed to protect the income of drivers and continues to engage its community of drivers on a shared mission of supporting their families through the livelihood opportunities offered on its platform amid COVID-19 pandemic. Grab Philippines senior director for operations and strategy Ronald Roda earlier said that Move It will not be merged with Grab, and it will continue to operate as aRoda declined to disclose the cost of the transaction. However, he said that the amount is below the PCC’s P1-billion threshold for compulsory notification of mergers and acquisitions.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Flash floods continue to threaten commuters on Antique's Paliwan RiverAntique Representative AA Legarda says the rechanneling and dredging of the Paliwan River is 100% complete.
Read more »
Blazers tame Red Lions to grab lead, secure twice-to-beat edgeSangco drilled in back-to-back baskets in the last 9:11, touching off a pivotal scoring run which gave the Blazers enough room to eke out their 14th triumph in 18 games at the end of the two-round eliminations. READ:
Read more »
Solomon Islands urges people to move to higher ground after magnitude 7.0 earthquakeThe earthquake hit at a depth of 15 kilometers, about 16 km southwest of the area of Malango, the United States Geological Survey says.
Read more »
Carly, maybe? Here's how you can get discounts for Wanderland 2023You're going to want to grab this opportunity if Mamang Carly Rae Jepsen really, really, really is headlining! 😭
Read more »
Choco Mucho seeks healing as Cheng tears pinky tendon; Tolentino averts disasterChoco Mucho receives a mixed bag of injury news after its ouster from the PVL Reinforced Conference, and now aims to regroup and move on healthier to the next season. PVL2022
Read more »
CEU, Diliman blast PG Flex-UCBL rivalsCentro Escolar University streaked to its third win by clobbering Philippine Christian University-Dasmariñas, 92-39, to grab the early lead in the 5th PG Flex Linoleum-Universities and Colleges Basketball League (UCBL) Monday, Nov. 21, at the Paco Arena in Manila.
Read more »