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Grab Philippines ordered to issue $130,000 in refunds for breaching pricing commitments

( February 5, 2021, 04:50 GMT | Official Statement) -- MLex Summary: Grab Philippines announced it is disbursing 6.25 million pesos ($130,000) to select passengers in Metro Manila who took the service from August to October 2019, in line with directions from the Philippine Competition Commission, or PCC. In its statement, Grab maintained that it did not overcharge passengers, and that the pricing violations are due to the limited supply conditions at the time that led to a breach in the maximum pricing threshold set by the PCC as part of the company's commitments following its 2018 merger with rival Uber.The company's statement follows: ...

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