"This development may have rendered the review conditions to be less than ideal, however, this move shall not derail the motu proprio review", it added.
As part of the interim measures preferred by the competition commission, Uber was ordered to continue its independent operations beyond April 8, the date when it is expected to completely exit the Philippine market.
The PCC went on to reiterate that Grab's acquisition of Uber's assets creates a potentially distorted market for ride-hailing.
"We intend to expedite the completion of the review ahead of the allowed time frame, given how it is imbued with public interest", he said.
The Vietnamese Ministry of Industry and Trade chose to conduct a preliminary investigation into GrabTaxi's purchase of Uber's stakes in Vietnam in suspicion of breaching regulations of the country's Law on Competition 2004, Vietnam News Agency reported on Monday. The accreditation of new TNCs (transport network companies) is a welcome development to allow passengers to have more choices.
The PCC also wants Grab and Uber to explain why the latter shut down, despite the commission ordering it to continue operating while the review is ongoing.
The antitrust authority explained that established firms have the advantage of an existing user base due to "network effects". "The deal makes Uber a part-owner of Grab".
The PCC said it would take that into consideration during the review to level the playing field. "In the end, the PCC stands with the passengers to protect them from the perils of monopoly", Balisacan said.
Following GrabTaxi's announcement on March 26 about its purchase of Uber operations in Southeast Asia, including Vietnam, the VCA sent a dispatch to GrabTaxi requesting the provision of information and documents related to the acquisition.