(INQUIRER file photo / LYN RILLON)
MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) urged public utility vehicle (PUV) drivers and operators to “take advantage” of the three-month extension granted by President Ferdinand “Bongbong” Marcos Jr, for them to form or join existing cooperatives or corporations.
This was the Land Transportation Franchising and Regulatory Board response when asked for a comment on the extension of the deadline for the consolidation.
“The LTFRB will adhere to President ‘Bongbong’ Marcos’s directive to extend the consolidation of public utility vehicles (PUVs) until April 30, 2024,” it said in a message sent to reporters.
“Operators and drivers are encouraged to take advantage of this opportunity provided by the President,” it added.
The consolidation of PUV drivers and operators into one cooperative or corporation is the first step in the government’s PUV modernization program.
The previous deadline was on December 31, 2023.