(Eagle News)–Grab Philippines on Monday, Nov. 18, said it would comply with the Philippine Competition Commission’s order for the ride-hailing company to pay a P5-million refund to its riders.
In a statement, Grab said it would “work closely with the PCC in implementing the agreed mechanics for the payment, which will be communicated to the public at least five (5) days before paying.”
“The antitrust body has identified certain deviations from Grab’s voluntary commitments, and based on the recent order from the PCC, Grab will be paying a total computed amount of PhP 5,050,000 to the passengers, who took Grab rides from February until May 2019,” Grab said.
“We respect the PCC and its mandate to protect the consumers in the Philippines and create a healthy competitive environment. Grab Philippines has worked closely with the PCC to form and finalize these voluntary commitments,” Grab added.
The fines were apart from the P23.45 million Grab has to pay after the PCC found the company breached its pricing commitments during the first to third quarters of the initial undertaking.
Of the P23.45 million, P11.3 million were penalties for the first quarter, P7.1 million for the second quarter, and P5.05 million for the third quarter.
