MANILA - The accreditation of new transport network companies (TNCs) would not immediately even out the playing field, an official of the competition commission said on Friday.
Ride-hailing company Grab remains as the major player after it acquired operations of its rival Uber, Philippine Competition Commission (PCC) chair Arsenio Balisacan told reporters.
"It’s not enough that there are new players. It’s a big challenge to get the new entrants to attract drivers, to attract riders," Balisacan said.
"The more drivers are already in Grab, the more it attracts drivers. The more riders are in there, more riders prefer that platform," he explained.
The Grab and Uber merger is still under review by the PCC to see if the deal may lead to anti-competitive effects. Balisacan said the competition watchdog is also looking into other remedies to even out the playing field.
Meanwhile, reports of unnecessary cancellations and surges in fares have plagued Grab over the last few weeks.
Grab country head Brian Cu earlier said the company would mask the drop off points of passengers for the lower 25 percent of drivers to reduce the number of cancelled bookings.