Philippines fines Singapore ride-hailing operator Grab, orders refunds
- Since Grab took over Uber’s operations in the Philippines last year, the country’s antitrust watchdog has been monitoring its activities
The fines include refunds worth 5.05 million pesos (US$99,400) to its passengers for overcharges, the Philippine Competition Commission (PCC) said.
Since Grab merged with Uber in March 2018 and took over its operations in the Philippines, the antitrust watchdog has been monitoring its activities to ensure fair pricing, good service and non-exclusivity among its drivers.
“The PCC has resolved to impose a total fine of 23.45 million pesos on Grab for breaching its pricing commitments during the first to third quarters of the initial undertaking,” the body said in a statement.
Part of the fines will be refunded through a “disgorgement system wherein Grab shall return to its riders its commissions” in excess of a system-wide average fare cap, which restricts price increases to 22.5 per cent in most months.