The Market Monitor Minding the Nation's Business
Grab Philippines extends its heartfelt gratitude to President Ferdinand Marcos, Jr. and Speaker Martin Romualdez for their decisive action to prioritize the legalization of Motorcycle Taxis (MC Taxis) and reform the Transport Network Vehicle Service (TNVS) regulations. This significant step is not only a stride towards creating more jobs but also a leap in improving the transport conditions for millions of commuters.
Grab Philippines country head Grace Vera Cruz said: “Thank you for heeding the call to prioritize MC taxi legalization and reforming TNVS regulations. Your leadership in this pivotal moment will create numerous job opportunities and markedly improve the commuting experience across the nation. We are humbled and honored to be recognized as a true partner of the Philippine government and our kababayans in achieving this milestone. Our commitment to being the champion for commuters and drivers remains steadfast, as we continue to match our words with tangible actions. Our approach is, and always will be, to work collaboratively with the government and community stakeholders to achieve the best outcomes for the Filipino people,” adds Vera Cruz.
Grab Philippines has created thousands of livelihood opportunities for aspiring TNVS drivers and operators in 2023. Grab proudly shared its significant contribution to the nation’s economy, having eased unemployment by 1.1% from 2019 to 2021. Grab’s on-demand rides and delivery business has been instrumental in creating over 100,000 new livelihood opportunities, showcasing the company’s role in fueling economic growth and stability.
Grab’s efforts have digitalized more than 15,000 MSMEs in 2023, empowering small and medium enterprises to thrive in the digital economy. This initiative not only supports business growth but also enhances access to goods and services for Filipino consumers.
Regarding the ongoing stories surrounding the Grab Philippines’ MC Taxi bid to the MC Taxi Pilot and the onboarding of drivers, Grab Philippines chief operating officer Ronald Roda said: “These stories are fake and malicious and it is unfortunate that there are individuals whose goal is to aggressively mislead and malign Grab instead of advocating for the long-awaited legalization of the MC Taxi sector.
MC Taxi TWG chairperson Teofilo Guadiz recently clarified to Grab Philippines its current position on its MC Taxi application, and gave confirmation that Grab is just awaiting final regulatory approval. The MC Taxi TWG has not issued Grab Philippines any stop order.