Grab PH Shifts from Incentives to Subsidies to Level Drivers' Earnings
Grab Philippines Managing Director Brian Cu said that his company has shifted from providing incentives to subsidies dished out to partner-drivers.
In an interview, Cu that the shift was made from rebates to subsidies after the net commission of drivers had gone "as low as 12 percent, which is a significant decrease from 20 percent."
"In subsidies, over the last two weeks we've paid over P60-70 million (to the drivers)," said Cu.
According to him, the shift was made is to spread out the earnings to both full-time and part-time drivers.
"The reason why we shifted is because we saw a lot of drivers driving part-time who do not hit incentives. There are trips na nalulugi sila (they are losing income). So, the subsidies ensure the spreading of spend on assisting driver income, occurs on a more broad basis," Cu explained.
"Rather than a few getting a lot, there's now a lot getting enough," he added.
Meanwhile, Grab Philippines Public Affairs Head Leo Gonzales said that the company awaits the decision of the Land Transportation Franchising and Regulatory Board (LTFRB) on the petition to increase the fare.
Gonzales said the board's decision on their petition is coming up with a standardized structure that will be fair to all TNCs concerned. "We don't know yet how it will affect our petition, but [the petition>, as of now, is still pending with the board," he said in a separate interview.
Earlier, the LTFRB ordered Grab Philippines to amend its fare hike petition.
During an LTFRB hearing last May, the board asked Grab to amend its fare hike petition for transparency and accuracy purposes, saying that the fare structure was not explained well.
In its petition last January, Grab sought to increase its average fare by 5.73 percent (P10 to P14 per kilometer charge to P11-P15) instead of the P40 base rate.
Featured Articles
- Latest
- Popular
-
-
Porsche Taycan EV in Dubai braves flooded streetPaulo Papa . Apr 26, 2024
-
CAMPI, TMA enjoy 13%-growth in Q1 2024Ruben Manahan IV . Apr 22, 2024
-
BYD Cars PH, BPITCRC forge partnershipRuben Manahan IV . Apr 17, 2024
-
-
Suzuki PH joins MPLB for 2nd timePaulo Papa . Apr 16, 2024
-
Porsche Taycan EV in Dubai braves flooded streetPaulo Papa . Apr 26, 2024
-
Recommended Articles For You
-
-
CAMPI, TMA enjoy 13%-growth in Q1 2024Ruben Manahan IV . Apr 22, 2024
-
BYD Cars PH, BPITCRC forge partnershipRuben Manahan IV . Apr 17, 2024
-
-
Suzuki PH joins MPLB for 2nd timePaulo Papa . Apr 16, 2024
-
Isuzu PH, PHRX refreshes collaborationRuben Manahan IV . Apr 15, 2024
Car Articles From Zigwheels
- News
- Article Feature
- Advisory Stories
- Road Test
-
Ferrari, HP announce title partnershipPaulo Papa . Today
-
Auto China 2024: Lynk and Co unveils 07 EM-P PHEVPaulo Papa . Today
-
Auto China 2024: Chery unveils Tiggo 9 PHEVPaulo Papa . Today
-
Ford PH Q1 2024 sales up by 28%Ruben Manahan IV . Today
-
Oil firms to end April 2024 with price cutsRuben Manahan IV . Apr 29, 2024
-
Which is the better choice: Toyota Corolla Cross or Yaris Cross?Paulo Papa . Apr 22, 2024
-
Hard-hitting hybrids: Toyota Corolla Cross vs. Nissan Kicks e-PowerPaulo Papa . Apr 22, 2024
-
Toyota Corolla Cross: Old vs. newPaulo Papa . Apr 17, 2024
-
Here are the new Toyota Corolla Cross variantsPaulo Papa . Apr 17, 2024
-
MIAS 2024: Here’s what transpired on the first day of the annual auto expoPaulo Papa . Apr 06, 2024
-
Here are some ideal destinations and safety tips for the upcoming Holy WeekPaulo Papa . Mar 08, 2024
-
Here are some New Year’s resolutions for car ownersPaulo Papa . Jan 03, 2024
-
PH auto market: 2023 in retrospectPaulo Papa . Dec 15, 2023
-
Here’s a holiday gift guide for car enthusiastsHazel Nicole Carreon . Dec 15, 2023
-
Oil players cut pump prices anewPaulo Papa . Nov 14, 2023
-
Radical cut: GAC GS3 Emzoom R-StyleRuben Manahan IV . Today
-
ELECTRIA: Toyota Zenix Q Hybrid is fit for modern familiesRuben Manahan IV . Apr 02, 2024
-
First look: JMC VigusPaulo Papa . Apr 01, 2024
-
First look: JMC Grand AvenuePaulo Papa . Mar 27, 2024
-
Above average: Toyota Raize GPaulo Papa . Mar 22, 2024
