5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Marcos orders one-month grace period for e-bike, e-trike ban

by
April 18, 2024
in Stock
0
Marcos orders one-month grace period for e-bike, e-trike ban
PHILIPPINE STAR/EDD GUMBAN

PRESIDENT Ferdinand R. Marcos, Jr. on Thursday ordered the Metropolitan Manila Development Authority (MMDA) and local government units in the capital region to give e-bike and e-trike users that pass through national roads a month-long grace period so they can familiarize themselves with the ban and penalties.

“It is necessary to give enough time for the wide disclosure of information regarding the ban that we are implementing,” he said in an X post in Filipino on Thursday. E-bikes and e-trikes should not be issued tickets, fined or impounded during the grace period, he added.

The MMDA on Monday said it would start issuing traffic violation tickets to e-bikes, e-trikes and other light vehicles caught using national roads starting April 17.

The MMDA banned light vehicles from major roads due to the growing number of accidents involving these vehicles. It recorded 2,829 accidents in 2022 involving bikes, e-bikes and pedicabs.

Under the rules, violators will be fined P2,500.

“We need to give them an opportunity to know what the new rules are and how they should adjust,” Mr. Marcos said in Filipino in a video posted on the Presidential Communications Office’s Facebook page.

Mr. Marcos said the P2,500 is a lot of money “so let’s give them a month.”

Acting MMDA Chairman Romando S. Artes will hold a news briefing on Friday to address the President’s order, the agency told reporters in a Viber message.

Meanwhile, the Land Transportation Office (LTO) said it is fast-tracking the production of plate numbers before it enforces a “no plate, no travel” policy for motor vehicles starting July 1, LTO Assistant Secretary Vigor D. Mendoza II said at the agency’s 112th founding anniversary celebration.

The agency would shutter car dealers that fail to observe the five-day rule on the release of the official receipt/certificate of registration and license plates to their clients, he said.

“Starting next week, I’ll be visiting district offices and dealers,” Mr. Mendoza said. “I would like to start closing [and] suspending the operations of dealers who give LTO a bad light,” he added, noting that the LTO gets blamed for delayed plates when it is really the dealer’s fault.

“If they don’t release the plates within the [agreed timeframe], we will close them down,” he added.

Mr. Mendoza said the LTO has 12 billion backlogs on motorcycle plates. “We are still [facing] the enormous task [that] was passed on to us when we started here — 12 billion backlogs in motorcycles when we started the year. We’re down to 9 million.” —

In the same speech, he affirmed LTO’s drive against unregistered vehicles. “I would like to see people jailed within the year.”

On Wednesday, the MMDA signed a deal with the Department of Interior and Local Government and Department of Transportation in the crackdown against illegal vehicles in Metro Manila. — John Victor D. Ordoñez and Chloe Mari A. Hufana

Previous Post

Another round of fuel subsidies for farmers urged as prices climb

Next Post

Bongbong makes it to Time Magazine’s 100 most influential people

Next Post
Bongbong makes it to Time Magazine’s 100 most influential people

Bongbong makes it to Time Magazine’s 100 most influential people

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    PSE hikes capital-raising goal to P170B

    PSE hikes capital-raising goal to P170B

    May 18, 2025
    Election-tied spending may shield growth from tariffs

    Election-tied spending may shield growth from tariffs

    May 18, 2025
    Philippine potential in focus at BusinessWorld Economic Forum 2025

    Philippine potential in focus at BusinessWorld Economic Forum 2025

    May 18, 2025
    Philippine banks’ March bad loan ratio softens

    Philippine banks’ March bad loan ratio softens

    May 18, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.