Franchise seekers for app-using cars wait till March
The Land Transportation Franchising and Regulatory Board (LTFRB) will start receiving on March 5 new franchise applications for those who want to become Uber, Grab or U-Hop drivers, as it also reviews the limit it recently set on the number of transport network vehicle services (TNVS) units that can be allowed to operate.
Originally, the LTFRB was set to accept applications on Feb. 5.
But Transportation Secretary Arthur Tugade recently ordered a review of the common supply base for the ride-hailing industry after app-based drivers and transport network companies (TNCs) expressed concern that the cap may not be able to address public demand.
The LTFRB earlier issued a memorandum circular limiting to 45,000 the number of authorized TNVS in Metro Manila, 500 in Cebu, and 200 in Pampanga. –Jovic Yee