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SINGAPORE, Singapore (AFP) — Singapore on Monday fined ride-hailing firms Grab and Uber $9.5 million for breaking competition rules when they merged, saying the deal had increased fares and thrown up roadblocks for competitors. Singapore-headquartered Grab agreed to buy US firm Uber’s ride-hailing and food business in Southeast Asia in March, ending a bruising battle between the companies. In return, Uber received a 27.5 percent stake in Grab. However the deal came under scrutiny […]
(Eagle News) — The Land Transportation Franchising and Regulatory Board has allowed Transport Network Companies to impose a P2 per minute of travel time charge on their passengers as part of the TNCs’ fare structure. In lifting the suspension on the imposition of the charge, the LTFRB, through Memorandum 2018-019, said there was a “need to rationalize and adjust the fare structure for (Transport Network Vehicle Services) in order to maintain its viability.” The LTFRB said […]
(Eagle News) — Grab Philippines will appeal the Land Transportation Franchising Regulatory Board order that upholds the P10-million fine imposed on the Transport Network Company for its P2 per minute of travel time charge. This was despite the LTFRB reversing its order directing Grab to reimburse its passengers for the fee from June 5, 2017 to April 19, 2018. “Grab will exhaust all administrative and legal measures until this decision is overturned or resolved with finality,” […]
P10-million fine stands, though (Eagle News)–The Land Transportation Franchising and Regulatory Board has approved the appeal of Grab on the order it reimburse its passengers for the P2 per minute of travel charge on passengers. Citing the “lack of a legal basis,” the LTFRB said Grab no longer has to reimburse its customers from June 5, 2017 to April 19, 2018 for the charges it said were illegal. Grab, however, will still have to pay the […]
(Eagle News) — Transport Network Vehicle Service drivers on Monday, Aug. 20, filed a P5-million lawsuit against PBA Party-list Rep. Jericho Nograles for their alleged losses resulting from the suspension of the P2-per-minute charges. It was the Land Transportation Franchising Regulatory Board that ordered the suspension of the policy, after Nograles claimed these were illegal charges. In July, the LTFRB also ordered Grab to pay P10 million in penalties for the charges from June 5, […]
(Eagle News) — Grab Philippines on Wednesday, Aug. 15, urged its passengers to avoid Edsa as their pick-up and drop-off points during rush hours. “We request all passengers to avoid (doing this)” from 7:00 to 10:00 a.m., and from 6:00 to 9:00 p.m., the transport network company said in an advisory. Grab made the announcement on the same day the Metropolitan Manila Development Authority held a dry-run of the drivers-only scheme. On the same day, the MMDA […]
(Eagle News)—Ride-hailing company Hype has filed a petition asking the Land Transportation Franchising and Regulatory Board not to renew Grab’s license to operate. In seeking the same, Hype noted what it said were Grab’s violations of rules governing Transport Network Vehicle Services, including its alleged overcharging of over P100 to passengers during rush hours. Grab has filed a petition to renew its certificate of accreditation, which expired on July 3.
(Eagle News)–Grab Philippines on Wednesday, Aug. 8, expressed its condolences to one of its partner-drivers who was found lifeless–with 12 gunshot wounds— in the vehicle in Parañaque City. According to Grab, it will “continuously cooperate with the authorities to give justice” to the family of Ananias Antigua, who was found on July 31 in Barangay Galo. “We respect the privacy of the family and they are assured that Grab will extend the support they need in […]
SINGAPORE (AFP) — Ride-hailing firm Grab said on Thursday it has raised $2 billion from investors to expand its offerings including electronic payments, food delivery and courier services as it fights fierce competition in the fast-growing sector. Around half of the funds came from Japanese car giant Toyota, which announced last month it was pumping $1 billion into Grab, Southeast Asia’s dominant ride-share company. Grab said a “significant portion” of the proceeds would go to […]
(Eagle News) — Grab Philippines has 15 days to appeal the Land Transportation Franchising and Regulatory Board’s order slapping the company with a P10 million fine for overcharging passengers. This is according to LTFRB Chair Martin Delgra III, who spoke in a radio interview on Thursday, July 12. On July 9, the LTFRB issued the order against Grab, which was also instructed to reimburse passengers affected by its P2 per minute travel charge from June 5, […]
(Eagle News) — The Land Transportation Franchising and Regulatory Board has ordered Grab to pay P10 million in penalties for overcharging its passengers. The LTFRB also ordered Grab to reimburse its passengers for the P2-per-minute travel charge through rebates. It was PBA partylist Jericho Nograles who alleged that Grab was overcharging passengers, saying the transport network company should refund passengers at P1.8 billion. “This is on top of its flagdown rate of P40 and charging P10 […]
TOKYO, Japan (AFP) — Toyota said Wednesday it was investing $1 billion in Asia ride-share company Grab, as the Japanese automaker looks to expand beyond its core business into the “mobility” sector. Grab, which is headquartered in Singapore, is a leading player in the ride-share industry in Asia, and earlier this year agreed to acquire US giant Uber’s regional operations. In a statement, Toyota said the deal “is aimed at achieving connectivity for Grab’s rental […]
