Mr. Senator JV Ejercito has confirmed on his Facebook page that the LTFRB, Grab and Uber already concluded a compromise agreement on Wednesday. What the LTFRB is waiting is a submission of an offer for reconsideration from the ride-sharing companies. That can make the original order longer to take effect legally and extend the enforcement.
The relevant parties will continue discussing to fix and make the agreement perfect before publishing.
The LTFRB, Grab and Uber already concluded a compromise agreement on Wednesday
He posted: "I’m glad that we were able to set this meeting for LTFRB and TNVS (Transportation Network Vehicle Service) to come to the table and understand each other. After all, the intention of this meeting was to emphasize the safety and convenience of passengers, and also not to disrupt the good services offered by Grab and Uber to the public."
"We know for a fact that Grab and Uber have thousands of loyal customers. But on this matter, we have to consider LTFRB’s mandate as the government regulatory arm against colorum vehicles. We considered issues raised by LTFRB such as how to determine the extent of Grab and Uber’s accountability in their operations, the safety of the riding public and the basis of TNVS’s dynamic pricing mechanism," he added.