Ben D. Kritz
ON Tuesday, taxi-booking company Grab Philippines released its 2017 financial report, and the news was even uglier than most people expected. Having not made a dime since its entry into the country in 2013 and posting a loss of P1.56 billion in 2016, Grab finished 2017 P2.91 billion in the red. It does not see the situation turning around in the next 12 to 18 months, it warned.