Lawmaker urges PCC to keep close watch over Grab acquisition of Move It

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Marikina City 2nd District Representative Stella Quimbo pointed out that although Move It’s current market share is small, Grab would like use its existing platform to rapidly crowd out the fledgling motorcycle taxi market.

Move It was among three motorcycle taxi operators approved by the Department of Transportation in its pilot study on motorcycle ride-hailing services. Grab had earlier applied as well, but the app was unable to gain the approval of the department’s technical working group .

“Hindi po namin siya sinasabi na ito ay backdoor entry sa ating pilot study. Ang pag-invest po ng Grab sa Move It ay isang business decision,”Hosaka highlighted that other participants in the pilot study also have their own investors, and that the DOTr did not oppose the buyout. “If I may direct this committee’s attention to section 7 of the TWG guidelines, it already specifically provides for a fare matrix, which Move It follows, and Move It adheres to follow such fare matrix even after the acquisition,” Albaña said.In an earlier press conference, Digital Pinoys national campaigner Ronald Gustilo pointed to how the fares of Grab significantly increased following its acquisition of Uber in 2018.

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Grab to House: Acquisition of Move It is above board - BusinessMirrorGrab Philippines has assured the House of Representatives that its acquisition of Move It is above board and compliant with the rules set by a technical working group (TWG) under the Department of Transportation (DOTr). Move It made the assurance on Wednesday during a hearing of the House Committee on Metro Manila Development on calls
Fonte: BusinessMirror - 🏆 19. / 59 Consulte Mais informação »