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
-
-
-
-
-
Kia PH to bring in Sonet?Ruben Manahan IV . May 17, 2024
-
-
Kia PH to bring in Sonet?Ruben Manahan IV . May 17, 2024
-
-
-
-
Isuzu Bulacan is 19th ISSO champRuben Manahan IV . May 14, 2024
-
Recommended Articles For You
-
-
-
Kia PH to bring in Sonet?Ruben Manahan IV . May 17, 2024
-
-
-
Car Articles From Zigwheels
- News
- Article Feature
- Advisory Stories
- Road Test
-
VinFast enters PH EV arenaRuben Manahan IV . Today
-
Hyundai Center in Singapore to open restaurant run by 3-Michelin-Star chefPaulo Papa . Today
-
1,605 motorists nabbed for violating EDSA Busway rule: DOTr-SAICTPaulo Papa . Today
-
Geely showcases 1-car-per-minute Changxing factoryPaulo Papa . Today
-
Nissan to fully transition to recycled aluminum by 2030Paulo Papa . Today
-
Cabin check: here’s what’s inside the Toyota Corolla CrossPaulo Papa . Today
-
Toyota Corolla Cross vs. the competitionPaulo Papa . Today
-
Geely GX3 Pro vs. the competitionPaulo Papa . May 14, 2024
-
Here are the PH-market Toyota Corolla Cross's colorsPaulo Papa . May 13, 2024
-
Which is the better choice: Toyota Corolla Cross or Yaris Cross?Paulo Papa . Apr 22, 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
-
Sensational 7-seater: Honda BR-V VPaulo Papa . May 20, 2024
-
Style made affordable: Jetour DashingRuben Manahan IV . May 14, 2024
-
Compelling crossover: Geely GX3 Pro ComfortPaulo Papa . May 13, 2024
-
Staying cool: Geely Coolray SportPaulo Papa . May 03, 2024
-
Radical cut: GAC GS3 Emzoom R-StyleRuben Manahan IV . Apr 30, 2024
