President Ferdinand R. Marcos Jr. has secured an investment commitment from ride-hailing company Grab, which could translate into 500,000 jobs.
Marcos met with officials of Grab Holdings Inc. Thursday (February 2) at the Malacanang Palace to discuss Grab’s proposals on how to modernize transportation in the Philippines.
During the meeting, Grab CEO and co-founder Anthony Tan promised to create jobs in the country as he assured the President that his company was committed to further grow its operations.
Marcos said one of his administration’s goals is to boost job creation.
He said the government has created almost two million jobs since he took over, resulting in a drop in the country’s unemployment rate.
“That’s why I’m in a hurry. If we can roll this out as quickly as possible. And I know the way Grab moves, they move very, very quickly. Because you’ve done it so many times before. In the scale, you don’t have to scale it. You’ve scaled it already,” Marcos said.
Tan said Grab’s motorcycle taxis do four to five million rides a day.
Apart from Metro Manila, Grab also plans to expand its presence in Davao, Cebu, and Iloilo.