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Grab welcomes entry of 5 more TNVS in PH

By: - Reporter / @FMOrellanaINQ
/ 05:31 PM May 08, 2018

Grab Philippines welcomed on Tuesday the accreditation of five more transport network vehicle services (TNVS) in the country, saying it would help commuters book a ride easier.

“We’ve always been open to competition. I mean, we welcome competition in any industry,” Cindy Toh, Grab’s country marketing head, said during the launch of the company’s 100-day initiative plan, which seeks to provide better service to riders and lessen the booking cancellation of the drivers.

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READ: Grab to reward drivers based on performance to reduce booking cancellations

“The only thing right now we’re looking at is how it actually impacts supply,” Toh explained.

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She disclosed that demand can spike up to 600,000 bookings daily, but there are only 35,000 cars available. “So the possible impact of that – with all the new players – is splitting the supply base,” she said.

Grab Philippines Head Brian Cu earlier said that the undersupply of cars causes the price surge and results in less trips for drivers. /ee

READ: ‘Undersupply of cars’ causing less trips and surge pricing, says Grab

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TAGS: Cindy Toh, Grab Philippines, Philippine news updates, transport network vehicle service (TNVS), Transportation
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