Currently, Grab estimates that there are at least 40,000 drivers offering transport network vehicle services (TNVS) in Metro Manila. Cruz said the number of TNVS slots has yet to return to the pre-pandemic level of around 60,000.
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Currently, Grab estimates that there are at least 40,000 drivers offering transport network vehicle services (TNVS) in Metro Manila. Cruz said the number of TNVS slots has yet to return to the pre-pandemic level of around 60,000.
As of August 2019, among the leading five countries which have visited Grab.com, Singapore accounted for the largest share of the traffic, with 19.12 percent, followed by Indonesia, with 19.03 percent.
Grab has a 93 percent share of the Philippines' ride-hailing market, up from 45 percent when Uber was active. Grab would abide with its commitments to the regulator, its head, Brian Cu, told reporters.
In a survey conducted in August 2021, a majority of respondents across all surveyed Southeast Asian countries chose Grab as their most used ride-hailing application. In Malaysia, Grab was chosen by 94 percent of the respondents.
The company's user growth also slowed as competition in Southeast Asia's ride-hailing and delivery markets intensified, with the contenders luring customers with promotions and lower prices. Grab also has been slower to reduce expenses than regional competitors — as Singapore's Sea Ltd.