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Deal with the Grab ethically and move It informs a House panel.

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Move, a motorcycle taxi service informed lawmakers on Wednesday that its agreement with Grab Philippines is legal and in accordance with the guidelines established by a technical working group (TWG) inside the Department of Transportation (DOTr).

“We are pleased to announce that the acquisition complied with the law and that all necessary permissions were received for the acquisition. The Move It representative, attorney Ann Albana, stated this during the public hearing held by the House of Representatives Committee on Metro Manila Development. “It did not breach any condition of the MC (motorcycle) Taxi TWG,” she added.

In response to calls from some quarters for the government to reconsider the agreement between Grab and Move It, the House subcommittee held the hearing.
“We want to reassure the public that Move It will continue to operate under the guidance of the MC Taxi TWG and will adhere to the MC Taxi Guidelines, particularly with regard to the safety and welfare of the customers,” Albana stated.

In August, Grab Philippines announced that it had acquired the motorcycle taxi company. The company claimed that the acquisition, which cost less than PHP1 billion, was undertaken in response to the rising demand for motorcycle taxis.

Some sources assert that the Grab-Move It agreement was made so that Grab would immediately receive accreditation as a result of its purchase of Move It, one of the companies participating in the TWG-accredited motorcycle taxi pilot program.

Move, However, it claimed that the criticisms of it and Grab are “obviously wrong and are only based on assumptions and conjectures.”

It was stressed that notwithstanding the acquisition, Move It still holds and is in possession of the accreditation granted by the TWG and that it has not been transferred in any way to Grab.

Even after the purchase, grab, and go It was added that they will continue to exist as separate, distinct entities.

Therefore, it is false and deceptive to state that Grab has received the accreditation as a result of the acquisition, says Move. It made a point.
Move It clarified that even after the transaction, its Certificate of Compliance and Provisional Authority to Operate were not transferred to another firm.

In the event that Move It’s ownership structure changes, “The Certificate of Compliance and the Provisional Authority to Operate also do not require prior approval by any government agency, including the MC Taxi TWG,” the statement read.

Move Additionally, it underlined that as Grab does not provide motorcycle ride-hailing services, the acquisition was not anti-competitive.

The motorbike ride-hailing market currently appears to be dominated by other firms, according to Move. In reference to its adversary Angkas, it said. “In actuality, the acquisition is good for consumers and for competition. Strongening Action The market for motorcycle taxis will be improved, the competition will grow, and the growing unmet need will be met.

As a result of the purchase, Move It claimed that Grab’s innovation and economies of scale will benefit it, and that the general public would have access to excellent service at reasonable prices.

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