LTFRB gets full regulatory powers over ride-hailing firms and TNVS

The Department of Transportation gave the Land Transportation Franchising and Regulatory Board total authority to regulate and supervise Transport Network Companies and their Transport Network Vehicle Service (TNVS).

Transportation Secretary Arthur Tugade signed Monday morning a Department Order giving the LTFRB full regulatory powers over transport network companies and the TNVS units that operate under them, the department said.

“In the Department Order, the DOTr recognized the establishment of the roles of TNCs and TNVS in providing transport services to the public, as well as in promoting safe, reliable, and efficient land transportation services in the country,” the department said in a statement.

Grab Philippines said that it will comply with the new guidelines.

“We have yet to receive a copy of the Department Order, but rest assured that Grab will comply, as always, with the orders set forth by the Department of Transportation (DOTr),” Grab Philippines Country Manager Brian Cu said in a text message to reporters.

The LTFRB was mandated by law to regulate and monitor the compliance of transport network companies and TNVS with policies, laws, and regulations.

“We acknowledge the value of TNCs into our land transport system. Bago ito at maraming bansa ang nangangapa pa sa kung papaano ito i-handle.  But, since it is convenient and efficient, and our people need them, nararapat lamang na bigyan natin ito ng puwang,” said Transportation Secretary Arthur Tugade.

Regulation is expected to benefit all parties, Tugade noted.

“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,” Cu said.

The LTFRB is in charge of issuing franchises, setting routes and operating conditions, as well as imposing fines, suspensions, and cancellations when necessary for all public utility vehicles (PUVs).

It also determines fares, rates, and other related charges after public hearings and consultations to ensure that they are just and reasonable. —VDS/NB, GMA News