PH antitrust watchdog slaps Grab, Uber with $300K fine

PH antitrust watchdog slaps Grab, Uber with $300K fine

Photo: Grab's Facebook page

The Philippine antitrust watchdog has fined Grab Philippines and Uber a combined P16 million ($296,741) for completing a rushed merger of their operations in the country, failure to maintain quality of services, and other violations of a previous interim order.

Grab had in March announced the acquisition of Uber’s Southeast Asia operations. In April, the Philippine Competition Commission (PCC) issued an interim order asking both companies to maintain their pre-merger operations while it reviewed the deal.

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