Uber, Grab ready to pay LTFRB P5-M fine

Transport network companies (TNCs) Grab and Uber said they are set to finalize their payments for the P5-million fine ordered by the Land Transportation Franchising and Regulatory Board (LTFRB).

According to Grab Philippines Public Affairs Head Leo Emmanuel Gonzales the company will complete the payment of its fine on Wednesday, July 19.

"Under process, and it should be done by tomorrow," he said in a phone interview.

Meanwhile, Uber Philippines Communications Head Cat Avelino said its payment is already on its way to the LTFRB.

"Our payment is also on its way to the LTFRB," she said in a separate text message.

The LTFRB slapped both Grab and Uber with a P5-million fine on July 11 for various violations, such as allowing drivers to operate without the necessary permits from the regulatory body.

Both companies last week said they will comply and pay the P5-million fine. —NB/KVD, GMA News