With the backing of its mother firm Grab, motorcycle taxi operator “Move It” is seeking to significantly expand its footprint in the local market with its upgraded mobile app.
Two groups sent letters to Congress rasing concerns that the acquisition allegedly circumvents the Department of Transportation’s technical working group motorcycle taxi pilot study guidelines.
Based on an initial assessment by the Philippine Competition Commission (PCC), Grab Philippines’ acquisition of its smaller rival Move It “likely did not breach” the thresholds for compulsory notification.
