Grab head welcomes LTFRB regulation of ride-hailing firms
Grab Philippines welcomed the signing of an order that allows the Land Transportation Franchising and Regulatory Board (LTFRB) to regulate the ride-hailing firms in the country.
“The new Department Order, which we welcome, strengthens Grab’s position that the fare structure with the P2 per minute component is legal,” Brian Cu, Grab Philippines country head, said in a statement.
“Since the [issuance of] DO 2015-011, Grab has faithfully complied with the framework and the requirements imposed upon us by DOTr [Department of Transportation] and the LTFRB,” he added.
Despite not yet receiving the order, Cu said the company would comply with the rules set by the board.
“We have yet to receive a copy of the Department Order, but rest assured Grab will comply, as always, to the orders set forth by the Department of Transportation,” Cu said. “We also recognize and reiterate our deference to the authority of the Land Transportation Franchising and Regulatory Board, and we will continue to abide by the regulations issued by the Board.”
He then assured the public of its commitment to the public by ensuring their safety and protection.
Earlier, Transport Secretary Arthur Tugade signed the order that would make the transport network vehicle services and transport network companies be “subjected to the full regulation and supervision” of LTFRB. /atm
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