Press Release March 26, 2018 GRACE POE ON GRAB ACQUIRING UBER'S SOUTHEAST ASIA OPERATIONS Although this is a business decision which should ultimately be settled between Grab and Uber, it is still imbued with public interest. We all know that thousands of commuters rely on TNVS to ferry them to work and other places of destination. So the most important thing is that service to our commuters will not be disrupted. In this connection, LTFRB should ensure that the number of available vehicles to serve the public should at least be maintained and that the only change effected would be the ownership issue and not the service convenience and availability. Ideally, the more players in the market, the better for the public, because each player will compete and strive to provide better service. Perhaps the departure of Uber would open up the market for the entry of local companies into the TNVS market. |
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