Just when you thought it was time for us to bid farewell to Uber forever, the Philippine Competition Commission (PCC) has another say in the matter.
The watchdog organization has recently been reviewing Grab's acquisition deal of Uber's Southeast Asian operations. Today, it issued an order for Uber to continue operations past the initial April 8 cease date. The order also puts a halt to Grab's acquisition while the review is ongoing.
The PCC has issued a set of interim measures to ensure the welfare of the riding public and the drivers. It's imposing on Grab and Uber to maintain their independent business operations as they were before March 25, 2018, including their "ride-hailing and delivery platforms; pricing and payment policies including incentives and promotions to riders; product options; customer and rider database; and on-boarding of new partner drivers as well as the fees, charges, and incentives to partner drivers, among other measures."
PCC chairman Arsenio M. Balisacan believes that Uber can still operate in the country, pointing to the company's compliance to a similar ruling in Singapore. He also mentioned that a ride-sharing monopoly can harm the riding public.
A source close to the matter also clued us in on what will happen with Uber's Philippine employees. With these measures, they will be free to seek employment elsewhere, including with competing ride-sharing companies. The reason, our source explains, is to encourage other competitors to flourish in our market. So if another competitior decided to open up shop here, they could hire from Uber Philippines' talent pool
What do you guys think of this development?