Insider » Latest Posts » Grab PH Fined PHP6.5 Million by Local Antitrust Office for Submitting Wrong Data

Grab PH Fined PHP6.5 Million by Local Antitrust Office for Submitting Wrong Data

Grab Philippines just can’t catch a break from the Philippine Competition Commission (PCC). After the former’s acquisition of Uber Philippines was approved by the PCC in August 2018, the agency then meted out a PHP16-million fine on both companies “for violating key provisions of the Interim Measures Order (IMO) during the merger review period of the antitrust authority.” Recently though, on Friday, January 25 to be specific, the PCC has once more slapped a PHP6.5-million fine on the local Grab office for supposedly violating its voluntary commitments following its acquisition of Uber last year.

“The Commission imposed a fine of PHP 6.5 million on Grab Philippines for submitting deficient, inconsistent, and incorrect data for the monitoring of its compliance with its voluntary commitments,” said PCC Chairman Arsenio Balisacan in a press briefing held last Friday.

PCC Commissioner Johannes Bernabe added that the commission was able to monitor violations by Grab of its pricing commitments over the period from August 10 to November 10 last year.

“The monitoring team of the PCC found that there were certain inconsistencies and inaccuracies with the data that was provided as it relates to the price monitoring commitment,” said Bernabe. “Suffice it to say that this prevented the monitor and the PCC monitoring team from carrying out its review of the pricing commitments in an effective way, which results in an unbiased and credible outcome. In that sense, we’ve thought that reviewing the undertaking of Grab, this ran counter to specific procedures of that undertaking.”

Understandably, Grab has said that it will file a motion for reconsideration against the latest fine imposed on the company by the PCC.

“We assure our passengers that we are charging fares within the range as allowed by the LTFRB,” Grab said in the statement.

The PCC issued the fine against Grab last January 22, with the company receiving the notice on January 23. Grab has to submit the necessary data within five days of the receipt of order, which will be on January 28. The firm has until February 7 to file its motion for reconsideration on the imposed penalty.

Philippine Competition Commission

Isuzu Fuel Economy Challenge
Previous post
2018 Isuzu RZ4E Bluepower Fuel Eco Challenge Yields 6 Winners
Next post

No Comment

Leave a reply

Your email address will not be published.