Philippines sets rules for 'virtual monopolist' Grab after Uber deal

MANILA (Aug 10): The Philippine competition watchdog said on Friday it has approved ride hail firm Grab's acquisition of Uber's operations, providing it follows rules to ensure fairness to consumers given its stranglehold of the local market.

The Philippine Competition Commission (PCC) would strictly monitor Grab's compliance with conditions intended to improve quality of service over the next 12 months, amid complaints about picky drivers and sharp prices increases at peak times.

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