After the Land Transportation Franchising and Regulatory Board (LTFRB) suspended the request of the ride-sharing company, Grab is asking the government agency to reevaluate their appeal as the suspension will cause irreparable damage not only for them but also the operators and drivers of Transport Network Vehicle Services (TNVS).
On their 14-page motion for reconsideration, it is written that the Php 2 per minute fare hike is legal but they still respect the decision of the Board. Brian Cu, who is the country head of Grab, said that the verdict is anti-people as it will hurt their drivers and passengers.
LTFRB Accredits Hirna and HypeFollowing the exit of Uber in the country, 2 new ride sharing companies are going to compete with Grab. LTFRB chairman Martin Delgra III together with his board members Ronaldo Corpus and Aileen Lizada signed the accreditation numbers 2018-TNC-001 and 2018-TNC-002 of Hirna Mobility Solutions Inc. and Hype Transport Systems Inc which will be effective for 2 years.
Grab Finally Revealed to Acquires Uber in Southeast Asia
Hype’s operation is similar to Uber and Grab while Hirna is a taxi hailing application that is currently available in Davao. They are the 4th and 5th TNC’s accredited by LTFRB following Grab, Uber , U-hop and recently Go Lag after the DOTC recognized TNC’s as new transport sector last 2015.
Other companies like Owto and MiCab are also waiting for approval. On the other hand, Grab revealed that they welcome competition and shrugs off fears of their monopoly in ride sharing business. After they acquired Uber, the demand increase by 70% but can’t keep up with the supply of TNVS.