Philippine Competition Commission imposes P6.5-million fine on Grab PHL

Says firm submitted “inconsistent, incorrect, deficient” data

(Eagle News)—The Philippine Competition Commission has imposed a P6.5-million fine on Grab Philippines.

The fine, the PCC said, was because the company submitted “inconsistent, incorrect, and deficient” data on its voluntary commitment to improve competition in the ride-hailing sector.

Earlier, the PCC launched a probe into the effects of Grab’s acquisition of Uber, its rival, following its decision to pull out its Southeast Asian operations.

Grab said it would adhere to a set of price and service commitments subject to monitoring by an independent body, PCC said.