MANILA - The Philippine Competition Commission (PCC) has suspended its review of Grab Philippines' acquisition of Uber Philippines after Grab made an offer of voluntary commitments to address anti-competitive concerns.

Grab confirmed to ABS-CBN News on Friday that it submitted the offer last May 30, but declined to divulge details.

PCC Commissioner Johannes Bernabe said the antitrust body will assess during the period of suspension whether the commitments outlined by Grab are sufficient to address issues on price and services, which the commission earlier flagged.

The PCC, citing a survey it commissioned, previously said that since Grab took over Uber, fares have increased, while service has deteriorated.

“If there are voluntary commitments agreed upon, then the commission will issue a decision approving these voluntary commitments offered by Grab,” Bernabe said.

“It’s going to take some time. If it doesn’t address the concerns, then Grab will probably be required to substantiate further or deepen their offer of voluntary commitments,” he added.

Bernabe said that if no agreement is reached, the PCC will revert back to adjudicating the Grab-Uber deal and rule on the merits.

Assessment of the voluntary commitment, the PCC said, will take not more than 60 days.