LTFRB reaches compromise agreement with Grab and Uber

Jul 21, 2017 | Same topic: Latest traffic updates
The relevant parties will continue discussing to fix and make the agreement perfect before publishing.
The operation of the two largest ride-hailing services - Grab and Uber in the Philippines has become a hotly-debated topic in the media lately. A few days ago, the Land Transportation Franchising and Regulatory Board (LTFRB) ordered Grab and Uber to deactivate un-ratified vehicleswhich has again stirred up public opinions on this matter.
 
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.
 
Representatives from the LTFRB, Grab and Uber

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."

>>> LTFRB also slapped Uber/Grab a P5M fine for various violations. Read our full article to get more information.

"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.