Grab PHL says MOVE IT acquisition compliant with rules - BusinessWorld Online

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Grab PHL says MOVE IT acquisition compliant with rules - BusinessWorld Online
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GRAB Philippines is confident that its acquisition of MOVE IT, which allows it to enter the market for motorcycle taxis, is compliant with existing rules, its public affairs director said. READ:

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“Legally, based on the pilot guidelines issued by the DoTr , we feel that we are covered,” Grab Philippines Public Affairs Director Sherielysse R. Bonifacio told“For us, it’s a good response to the situation we have now. Transport is in short supply and given the rising cost of fuel, we really believe that motorcycle taxis are a good response,” she added.

Ms. Bonifacio said that Grab Philippines already operates MOVE IT, noting that there is no “prohibition” to doing so under the current guidelines for the operation of motorcycle ride-hailing firms, which include Angkas and JoyRide. “It seems that the reception was neutral, and we will find out if there are further instructions,” she added.

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