MANILA – Ride-hailing service Grab has monopolized the ride-sharing market, said Sen. Joseph Victor “JV” Ejercito.
Passengers have recently complained of higher fares since Grab took over Uber’s operations in Southeast Asia.
“Ang worry ko diyan nung nawala ang Uber, nawala ang competition. Nagkaroon na ng monopoly. Dati may choice,” said Ejercito.
“Ngayon na may inaprubahan na iba pang transport network vehicle services, malayo pa e, not unless meron silang isang milyon para makahabol sa level ng Grab,” he added.
The Land Transportation Franchising and Regulatory Board (LTFRB) earlier approved the operation of transport network companies “Hype” and “Owto.”
The agency has also accredited taxi-hailing firms MiCab, iPara, Hype, HirNa, and Go Lag.
But, Ejercito said these companies still has “no match” for Grab.
“Grab has about 90 percent of the market. Monopoly pa rin yan. Kaya ako dapat ang LTFRB maging mahigpit,” the vice chairman of the Senate Committee on Public Services said.
He said the panel will investigate Grab’s surge pricing once Congress resumes its sessions on May 15.
“Malamang pag-resume namin. Antayin natin ang aming chair na si Sen (Grace) Poe. Malamang magpapatawag ‘yan,” Ejercito concluded./PN