MANILA - Since ride-sharing service Grab took over Uber, fares have increased while service has deteriorated, the country's antitrust watchdog said Monday.
The Philippine Competition Commission said there was a "substantial lessening of competition" based on a survey that it commissioned as part of its review of the merger.
"Post-transaction prices of Grab indicate that prices are increasing, while quality of service is deteriorating, to the detriment of the riding public," the PCC said.
Grab has dodged complaints over price surges and failed bookings since it took over Uber's Southeast Asian operations.
The PCC said Grab now had 93 percent of vehicles that operate with ride-sharing platforms.
The PCC said a new player might not be a "constraint" to Grab since building a base of drivers and consumers would take a lot of time and money.