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Ride-Hailing Firms Are Piling Into Philippine Gridlock

  • Of five new ride-hailing startups, 4 are set to start in May
  • Government estimates Grab now holds 93% of Philippine market
Traffic And Congestion As Manila Becoming World's Third-Biggest City Risks Gridlock
Photographer: Jes Aznar/Bloomberg

A slew of ride-hailing ventures are taking to the gridlocked streets of Manila, undeterred by the market dominance of Grab now that it controls Uber in the Philippines.

Hype Transport Systems Inc. and Ipara Technologies and Solutions Inc. are just two of the five new entrants approved by the regulator since Grab agreed to take over the operations of Uber Technologies Inc. across Southeast Asia. PT Go-Jek Indonesia, the biggest remaining rival in the region, will seek to enter the Philippines, said Aileen Lizada of the transportation agency.