 "Uber")
The Philippines’ anti-trust agency said on Saturday it has ordered Uber Technologies Inc to continue domestic operations as it reviews the ride hailing firm’s deal to sell its money-losing Southeast Asian business to rival Grab.
The move puts another hurdle in the transaction, following an order by Singapore’s competition watchdog that Uber delay its shutdown by a week because of an ongoing review.
“Uber’s compliance with our anti-trust counterpart in Singapore to extend the operation of its app indicates the feasibility of continuing its operations in the Philippines as well,” Philippine Competition Commission (PCC) chairman Arsenio Balisacan said
The move puts another hurdle in the transaction, following an order by Singapore’s competition watchdog that Uber delay its shutdown by a week because of an ongoing review.
“Uber’s compliance with our anti-trust counterpart in Singapore to extend the operation of its app indicates the feasibility of continuing its operations in the Philippines as well,” Philippine Competition Commission (PCC) chairman Arsenio Balisacan said
