Grab believes that adding more vehicles could prevent pricey surge charges and address the 'unlimited demand' caused by a 'broken' public transport system.
MANILA, Philippines – Ride-hailing giant Grab asserted that the addition of 100,000 transport network vehicle services providers would not lead to an oversupply, given that demand has already exceeded pre-pandemic levels at times.
Roda believed that the LTFRB’s move to open more TNVS slots would “simply bring us back to the 65,000 supply cap levels pre-pandemic” for Grab’s Greater Metro Manila operations. He also downplayed fears that drivers would be negatively affected, balancing the decision against the need to open up more jobs as well..’ And our answer is, allow us to take care of you, but we need to provide 80,000 more jobs to this industry.Roda said that GrabCar numbers have declined 65% since the pandemic, with the company only having a third of the cars that it had in 2019.
with the LTFRB. The state regulator has asked Grab to explain its surge charges and minimum fares for “short trips.” LTFRB Chairperson Teofilo Guadiz II said on January 27 that Grab has not yet submitted its position paper.in fines for its failure to comply with its price commitments.Malacañang also recently unveiled an investment pledge made by Grab CEO Anthony Tan that is expected to. But to make good on their promise, Grab has asked for looser regulations.
Citing data, Roda claimed that the agency’s tightening regulations had dwindled the number of Grab driver-partners throughout the years. Prior to 2018, Grab said that there was little regulation around ride-hailing services like Grab and Uber. But in 2018 – the year of Grab’s merger with Uber – the LTFRB added more requirements for TNVS applicants.
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