THE Philippine Competition Commission (PCC) on Tuesday, April 3, announced that it has opened a motu propio review on the Grab-Uber deal after a preliminary assessment indicated that the transaction would adversely affect the riding public and partner drivers.
In a statement, the commission said no notification of the transaction has been filed by any of the ride-sharing services providers involved.
Grab Holdings Inc. and MyTaxi.PH Inc. are acquiring the assets of Uber B.V. and Uber Systems Inc. in the Philippines and in Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand and Vietnam.
The commission met with representatives of Grab and Uber on Monday, April 2. Grab and Uber reportedly claimed that their transaction is not covered by the compulsory notification requirements under Section 17 of the Philippine Competition Act.