Grab welcomes UK audit firm as its third party monitor

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Grab said the subsidy is aimed at encouraging drivers to stay on the road to meet rising booking requests. —RICHARD A. REYES

Ride-hailing company Grab Philippines said on Wednesday it is “satisfied” with the decision of the Philippine Competition Commission (PCC) to appoint international audit firm Smith & Williamson to monitor its compliance to pricing and service quality.

Smith & Williamson will serve as the independent third party monitor trustee and will check on Grab’s compliance to the commitments it pledged to PCC when it acquired Uber.

READ: PCC appoints UK audit firm to monitor Grab pricing, service quality

“Grab has worked with Smith and Williamson in Singapore and has found them truly fair and independent,” Grab Country Public Affairs Head Leo Gonzales said.

Grab reiterated its intention to comply with the voluntary commitments they have submitted to the PCC.

“We are looking forward to collaborating with them as we intend to fully conform with and fulfill the voluntary commitments we have submitted to the PCC for the entire duration of the agreed compliance period,” he said. /ee



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