Last month global pioneer Uber sold its Asia operation to its only serious rival, upstart Southeast Asia-based Grab. LTFRB swiftly moved, telling Grab temporarily to reduce its surge charge from two to only 1.5 times maximum. LTFRB, however, hesitated to enforce the PCC’s order for Uber to continue operating, and for Grab to not yet take over. Customers must be refunded the unauthorized charge, which even Grab drivers didn’t know about, and likely were not benefited by it. Breakdown: 6,000,000 trips per month (average previously claimed by Grab) X 10.5 months (June 2017 to April 2018) X 30 minutes per trip (average) X P2 per minute.

Source: Philippine Star April 12, 2018 15:22 UTC