Tag: LTFRB

LTFRB Gives Go Signal to GoLag Ride Hailing App

LTFRB Gives Go Signal to GoLag Ride Hailing App

The Land Transportation Franchising and Regulatory Board (LTFRB) had reportedly allowed another ride-hailing app named GoLag to operate in the country for two years, having released its accreditation papers last Friday. GoLag is the third TNC to have recently received the go signal from the transportation authority, along with Hype and HirNa. The three will be providing competition, allaying fears of a monopoly by Grab which had bought out Uber last month. The Singaporean-ride hailing firm is currently being pressured by the LTFRB for allegedly raising its rates to Php 2 per minute. Source: CNN Philippines

Two New TNC’s Accredited by LTFRB

Two New TNC’s Accredited by LTFRB

The Land Transportation Franchising and Regulatory Board (LTFRB) last Wednesday had accredited two new TNC’s, Hype and HirNa, which is expected to directly compete with Grab. Hype, which has a business model that closely resembles Grab’s, is expected to serve the public by mid-May. HirNa will be initially rolled out in Davao City, while u-Hop is already operating as a TNC. Hype COO Jen Silan says that starting Monday, they will be accepting pre-qualifications and pre-accreditations for all drivers and TNVS with existing provisional authority permits, Certificates of Public Convenience, and case numbers with the LTFRB.   Source: CNN Philippines

LTFRB Gives Grab 5 Days to Explain Fare Change

LTFRB Gives Grab 5 Days to Explain Fare Change

The LTFRB issued a show-cause order last Wednesday seeking an explanation from Grab for alleged unauthorized fares. The agency gave the ride-hailing company 5 days to comply, or face suspension or cancellation. The order was said to have been a reaction to a revelation by PBA Party-list Representative Jericho Nograles who said that Grab had been charging passengers Php 2/min of travel time. In response, Grab said that LTFRB is aware of the extra charge, and the Chairman had already acknowledged the scheme last June 2017. Grab Philippines Public Affairs head Leo Gonzales also cited Department Order 2015-011 which allows […]

LTFRB Barrs Grab’s 2x Surge

LTFRB Barrs Grab’s 2x Surge

The Land Transportation Franchising and Regulatory Board (LTFRB) ordered ride-hailing company Grab this week to cap its surge limit only to “times 1.5” instead of “times 2”. According to LTFRB board member Aileen Lizada, the surge limit is to take effect immediately and will be held in place until new Transport Network Companies are able to operate. The LTFRB says that they immediately issued the order after receiving numerous reports from Grab passengers complaining about the spike in fares after the company’s acquisition of Uber. Grab spokesperson and policy head Leo Gonzales said that they respect the regulator’s decision to […]

3 More Firms to Compete with Grab in Philippine Ride-hailing Market

3 More Firms to Compete with Grab in Philippine Ride-hailing Market

In a media briefing earlier this week, LTFRB board member Aileen Lizada said that the riding public need not fear a Grab monopoly since there are three more Transport Network Companies (TNCs) applying for accreditation. Grab, the Singapore-based tech company recently bought out Uber’s business in the Philippines. Lizada revealed that companies “Lat Go,” “Owto,” and “Hype” are currently processing their requirements, but may take months before they are allowed to operate. She added that while Grab has a pending petition for a fare hike, the firm will not be able to initiate an increase on its own, it will […]