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Grab-Uber deal fined again – this time in the Philippines
- Thursday | 18th October, 2018
The regulator said it was left with no choice but to fine them a cumulative 16 million pesos ($296,873). “We are currently studying all our legal options with regard to the fine imposed by the PCC,” Leo Gonzales, public affairs head of Grab Philippines, said in a statement on Wednesday. The competition body ordered Grab and Uber to collectively pay 4 million pesos for failure to keep their businesses separate during the review. MANILA (Reuters) – The Philippines’ competition watchdog fined ride-hailing firms Grab and Uber Technologies on Wednesday, saying they consummated their merger too soon and that the quality of service dipped, becoming the second regulator in the region to penalize them. Singapore’s competition watchdog last month ordered Grab and Uber to pay S$13 million ($9.5 million) in fines after concluding that their merger had driven up prices.
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