MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – It’s the law of supply and demand. Consumers of goods and services will benefit when there is competition.
Uber’s decision to close down its operations in the Philippines left Grab with the monopoly of providing alternate transportation for Filipino commuters.
Enter the Aquino family.
Senator Bambam Aquino, in partnership with his cousins NoyNoy and Kris, is establishing a new company that is expected to fill the vaccum created by Uber and provide stiff competition to Grab.
The Aquinos are naming their new company CreditGrab.