PBA Partylist representative Jericho Nograles is on a warpath against Grab. Nograles is not just raising the issue on the monopolistic tendency of Grab, the young legislator is also raising the deal which Grab entered with Uber. Nograles, together with the spokesperson of the Philippine Competitive Council (PCC) Johannes Bernabe is questioning the alleged “illegality” and “suspicious” nature of the deal. Johannes Bernabe is citing the personalities behind the Grab company and the real company is located at the Cayman Islands. Grab now reportedly controls 95% of the market.
Nograles has a beef to settle with Grab. Nograles proposed a bill last July 2017 which allows firms like Grab to settle their own rates. Grab did what Nograles wants. But now, Nograles is on a warpath accusing Grab of violating the law by setting their own rates, a privilege which is still not legal, according to the legislator. Based on the law, hail riding firms like Grab are under the Land Transportation Franchising and Regulatory Board or LTFRB. It is still the LTFRB which determines the rates of these firms.
While the PCC determines if the Grab-Uber deal followed Philippine law, we may probably see our commuters suffer from high rates.