The Land Transportation Franchising and Regulatory Board (LTFRB) has filed a memo suspending the acceptance of new applications of Transport Network Vehicle Services (TNVS) like Uber and Grab in Metro Manila.
According to ABS-CBN News, the suspension is due to backlog as the government reviews its policies on fare spikes. Cherie Mercado, Spokesperson of the Department of Transportation, said that “the suspension was indefinite and it was not clear what changes would be required to reverse it.”
#LTFRB memo suspending acceptance of new TNVS applications (grab uber etc) pic.twitter.com/Cc7oghm91r
— Cherie Mercado (@cheriemercado) July 21, 2016
The memorandum also states that the LTFRB will review “existing policies, and other relevant and pressing issues regarding the issuance of franchise.”
source: ABS-CBN
