After Uber was suspended in the Philippines a couple of weeks ago, Grab Philippines reported a surge in demand for its service, which prompted the company to reactivate its out of service drivers, even investing P5 million to give drivers incentives to get them back on the road.
“A P1 million per day incentives are being spread to encourage drivers to pick up and cancel less,” said head of Grab Philippines, Brian Cu.
According to SunStar.com.ph, currently the supply and demand imbalance is quite evident in Manila, whereas Cebu’s situation is still somewhat manageable.
Cu said that some Uber drivers have applied to drive a shifts for Grab, but they have not been acted upon to comply with the Land Transportation and Franchise Regulatory Board’s (LTFRB) moratorium against registering new vehicles to ride-sharing services. Cebu alone has received 200 applications from Uber drivers since last week.
The head of Grab also denied assertions on excessive price surges in fares, stating that after Uber’s suspension last week, which resulted in a spike in the demand for rides, Grab voluntarily capped the price surge to a maximum of 1.4 times only.