Grab Philippines outlines strategic commitments to drive economic empowerment in Mindanao

DAVAO CITY—Grab Philippines, Southeast Asia’s leading superapp, announced today its strategic commitments to drive economic empowerment in Mindanao, furthering its mission to create sustainable opportunities and foster economic growth across the Philippines.

Mindanao, known for its rich cultural heritage and natural resources, is poised to become a thriving hub of economic activity in the Philippines. Recognizing the brimming potential of this region, Grab Philippines is launching a comprehensive initiative aimed at empowering local communities, supporting micro-entrepreneurs, and stimulating economic development.

Grab Philippines aims to leverage its advanced technology, extensive network of highly engaged users, and community-focused approach to unlock new possibilities for growth and prosperity. Key initiatives will be rolled out in collaboration with local partners, government agencies, and regulators.

“We believe that economic empowerment is the foundation for building vibrant and inclusive communities,” said Grab Philippines Country Head Grace Vera Cruz. “Through our initiatives, we are committed to creating opportunities, supporting local businesses, and fostering a thriving ecosystem that benefits everyone in Mindanao.”

Key pillars include:

Partnering for Success: According to a research conducted by the Mindanao Development Authority, effective partnerships can lead to a 15% increase in job creation and a 20% boost in local businesses’ growth.

Grab Philippines will forge strategic partnerships with local government units, community organizations, and industry associations to align efforts and create an enabling environment for economic empowerment. These collaborations will focus on areas such as skills development, access to financing, and market access for local entrepreneurs.

Empowering MSMEs in Mindanao: Grab Philippines recognizes the significant impact of micro-entrepreneurs on economic development. According to a study conducted by the Philippine Statistics Authority, micro, small, and medium enterprises (MSMEs) in Mindanao contribute over 60% to the region’s total employment.

Grab Philippines will provide targeted support to