THE Land Transportation Franchising and Regulatory Board (LTFRB) accredited 14 new transport network companies (TNCs) that are expected to increase competition in the ride-hailing industry to give commuters more options.
LTFRB Chairman Teofilo Guadiz III said the addition of the new TNCs “is in line with our mandate to ensure that the riding public continues to benefit from advancements in transportation services.”
“Aside from the accreditation of these new TNCs, the LTFRB has also released new transport network vehicle service slots to support the expanding ride-hailing market. This initiative would foster a competitive environment that prioritizes commuter welfare and accessibility,” he said.
LTFRB Chairman Teofilo Guadiz III
The recent accreditation of PureRide Corp. and 13 other TNCs brings the total number of accredited TNCs to 19.
Newly accredited TNS include PureRide Corp., UNLA LA Corp., Leggo Information Technology Solutions, Aztech Solution International Corp., Metrohills Transport Association Inc., Hail Transport Inc. and Angkas Technologies.
Also on the list are GoCab Corp., Unified Transport Operations League Corp., Peek Up Philippines Corp., Get Express Global Corp., Para Xpress Technology Services Inc., Taxsee Philippines Inc. and RL Soft Corp.
Meanwhile, those with renewed accreditation were Joyride E-Commerce, Cloud Panda PH Inc., E-Pick Me Up Inc., Hirna Mobility Solutions Inc. and Grab.
Transportation Secretary Jaime Bautista emphasized the importance of a diversified and competitive ride-hailing market to provide Filipinos with safe, reliable, affordable transportation options.
Consistent with this, Guadiz said the LTFRB “will continue to implement policies and programs that support the growth and improvement of the ride-hailing industry.”
Be the first to comment