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Grab applauds anti-trust body for approving Uber deal

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2018/news/08/10/20180810-grab.jpg?ext=.jpg"/><figcaption>The merger between ride-hailing firms Grab and Uber were approved Friday by the Philippine Competition Commission. Photo: Warren De Guzman, ABS-CBN News.</figcaption></figure></div><p>MANILA - Ride-hailing firm Grab on Friday thanked the Philippines&#x27; anti-trust body for approving Grab&#x27;s acquisition of the Southeast Asia operations of rival Uber and &quot;recognizing the legality&quot; of the deal.</p><p>The decision will ensure fair competition in the ride-hailing industry, Grab Philippines country head Brian Cu said in a press briefing.</p><p>&quot;We applaud and thank the PCC [Philippine Competition Commission] for ensuring fair competition in the ride-hailing industry,&quot; Cu said. </p><p>&quot;PCC’s pro-innovation approach and forward-looking decision sets a strong example for other regulators examining the Grab-Uber deal, and encourages fair competition and a level playing field that ultimately benefits consumers and drivers,&quot; he added.</p><p>Cu assured regulators that Grab will abide by the commitments detailed under the PCC&#x27;s Commitment Approval released early Friday.</p><ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/08/10/18/grab-uber-gets-antitrust-watchdogs-approval-with-conditions">Grab-Uber gets antitrust watchdog&#x27;s approval with conditions </a></li></ul><p>Some of the conditions stated in the decision were improved service, clear breakdown of fares, lower cancellation rates and justifiable fare surges.</p><blockquote class="twitter-tweet" data-lang="en"><p dir="ltr" lang="en">Brian Cu, Grab: Food delivery is an area we can expand as there is less regulation here. <a href="https://twitter.com/ANCALERTS?ref_src=twsrc%5Etfw">@ANCALERTS</a> <a href="https://twitter.com/ABSCBNNews?ref_src=twsrc%5Etfw">@ABSCBNNews</a> <a href="https://t.co/0JnBXB99U0">pic.twitter.com/0JnBXB99U0</a></p>— Warren de Guzman (@wddeguzman) <a href="https://twitter.com/wddeguzman/status/1027825755135270912?ref_src=twsrc%5Etfw">August 10, 2018</a></blockquote><div><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8" type="text/javascript"></script></div><p>The PCC had launched a review of the Grab-Uber deal citing anti-competition concerns but it was suspended after Grab offered &quot;voluntary commitments&quot; to ensure a level transport network vehicle service (TNVS) playing field. </p><ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/06/08/18/pcc-suspends-review-of-grab-uber-deal">PCC suspends review of Grab-Uber deal </a></li>	<li><a href="http://news.abs-cbn.com/business/08/01/18/grab-close-to-finalizing-commitments-with-antitrust-body">Grab &#x27;close to finalizing&#x27; commitments with antitrust body</a></li></ul><div><strong>-- with a report by Warren de Guzman</strong><br/> </div>

<p>Ride-hailing firm Grab on Friday thanked the Philippines' anti-trust body for approving Grab's acquisition of the Southeast Asia operations of rival Uber and "recognizing the legality" of the deal.<br /> </p>

Ride-hailing firm Grab on Friday thanked the Philippines' anti-trust body for approving Grab's acquisition of the Southeast Asia operations of rival Uber and "recognizing the legality" of the deal.