pcc grab

The Philippine Competition Commission (PCC) has approved Grab's acquisition of Uber in the country but subjected it to service quality and pricing standards. The PCC said that the conditions for clearance were part of the voluntary commitments signed by Grab on Thursday to address the competition concerns raised by the antitrust authority. Any breach of the conditions will subject Grab to fines of up to Php2 million per breach, or unwinding of the transaction. Below is the PCC's “Commitment Decision” detailing Grab’s undertaking to address competition issues, namely: • Service Quality Commitment: Grab shall commit to bring back market averages for acceptance and cancellation rates before the transaction, and response time to rider complaints. • Fare Transparency Commitment: Grab will revise its trip receipt to show the fare breakdown per trip, including distance, fare surges, discounts, promo reductions, and per-minute waiting charge (if reinstated by LTFRB). • Commitment on Pricing: Grab shall not have prices that have an “extraordinary deviation” from the minimum allowed fares. Grab will be penalized equivalent to 5% of Grab’s commissions, or up to P2 million, in the identified trips with extraordinary deviation that do not have sufficient justification. • Removal of “See Destination” Feature: Grab will remove “see destination” feature for drivers with low ride acceptance rate. Read more in our articles including "PCC approves Grab-Uber deal with conditions" and "Grab resumes 24/7 operations in Metro Manila and select provinces".