10 months PCC extends Grab’s compliance deadline MB |Biz
By Bernie Cahiles-Magkilat The Philippine Competition Commission (PCC) has extended Grab Philippines Inc. compliance to its voluntary commitments for more than three months even as the anti-trust authority said that the dominance of the merged Grab-Uber has remained a monopoly in the ride-hailing market. Philippine Competition Commission In a statement, the PCC extended the compliance deadline to Grab’s voluntary commitment, which resulted in its conditional clearance of its acquisition of Uber, to October 20 this year or 71-day extension from its expiry on August 11. The extension, PCC said, was meant to give way to negotiations for a new or ... more