Grab PH acquisition of MoveIt to foster competition among motor taxi apps — group

MANILA, Philippines --- An advocacy group on Thursday said Grab Philippines' acquisition of motorcycle taxi firm MoveIt would ultimately benefit the riding public despite fears that the move would increase motorcycle taxi fares. Atty. Time Abejo, convenor of CitizenWatch Philippines, made the statement following a recent call of transport consumer groups to look into the investment agreement between the two ride-hailing firms, under which MoveIt will not be merged with Grab and will continue to operate on its own platform. READ: Groups demand closer look at Grab-Move It deal Abejo said the recent development between Grab and MoveIt would foster competition among motorcycle taxi ...

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