Grab Philippines has assured the House of Representatives that its acquisition of Move It is above board and compliant with the rules set by a technical working group under the Department of Transportation .
Some quarters claimed that the Grab-Move It deal was designed for Grab to have “instant accreditation” by virtue of its acquisition of Move It, which was granted accreditation by the TWG. Even with the acquisition, Grab and Move It will remain two distinct and separate entities, it added. “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, in case of change in ownership structure of Move It.”Moreover, Move It said the acquisition was not anti-competitive since Grab is not offering motorcycle ride-hailing services.
Source: News Formal (newsformal.com)
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