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Philippine regulator questions Grab's 'virtual monopoly'

Uber merger has resulted in surging prices and declining service, watchdog says

The Philippine Competition Commission has given Grab 10 days to respond to its statement of concerns regarding the company's takeover of Uber's Southeast Asia business. (Photo by Takaki Kashiwabara)

MANILA -- The Philippines' antitrust regulator on Monday flagged what it called Grab's "virtual monopoly" in the local ride-hailing market following its merger with Uber's Southeast Asian business and warned that its review of the deal could result in it being undone.

The Philippine Competition Commission published a statement of concerns about the merger. "Grab can unilaterally raise its prices and reduce the quality of its services, as it experiences no sufficient competitive constraint from any other market participants," the PCC said.

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