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

LTFRB to release standardized guidelines for special passenger discounts on PHL ride-hailing platforms

by
January 16, 2025
in Stock
0
LTFRB to release standardized guidelines for special passenger discounts on PHL ride-hailing platforms
PHILSTAR FILE PHOTO

In a hearing conducted by the Committee on Public Services, chaired by Senator Raffy Tulfo, Land Transportation Franchising and Regulatory Board (LTFRB) Chairman Teofilo Guadiz III announced that a memorandum circular would be issued by the end of January to standardize the implementation of discounts for students, persons with disabilities (PWDs), and senior citizens across ride-hailing platforms currently operating in the Philippines.

The initiative follows LTFRB’s thrust to clarify the various conflicting memoranda issued in the past that have led to the inconsistent implementation of special discounts by Transport Network Companies (TNCs).

Chairman Guadiz affirmed that the guidelines will also clarify who will bear the cost of the special discounts. When questioned about the legislation mandating the distribution of discounts between drivers and platforms, the chairman explained that, “Sa ngayon po, Mr. Chair, we have to admit wala po. Ayan po ang binabalangkas namin ngayon dahil it was an oversight on our part. Isa pong malaking paumanhin. But we hope to correct this until the end of this month. Asahan ninyo pa na isasaayos po namin ‘yung pagpapatupad.”

Mr. Guadiz emphasized that the memorandum set to be released by the end of January will designate TNCs and operators as the primary entities responsible for covering the costs associated with the special discounts, ensuring that drivers are not burdened with these expenses.

Grab Philippines commends the LTFRB for its definitive action on the standardization of the implementation of special discounts. Grab Philippines Head of Public Affairs Gio Tingson underscored, “Grab has consistently supported the commuting public and the government in ensuring that passengers receive these discounts properly. We extend our gratitude to the LTFRB and Senator Tulfo’s office for finalizing the implementation of these special discounts with clear guidelines.”

Ira Panganiban, chairman of the Coalition of Filipino Commuters, expressed gratitude to the LTFRB for addressing their call for standardization made in late 2024. “We thank Chair Guadiz for taking action to standardize the rollout of student, PWD, and senior citizen discounts across digital ride-hailing platforms. By standardizing the implementation, we ensure that the public receives the discounts mandated by law. This move will put an end to the inconsistent or nonexistent application of discounts by some platforms. We also extend our thanks to TNCs like Grab, Angkas, and Joyride for respecting and implementing these discounts.”

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

Previous Post

Globe spotlights holistic disaster resilience strategies at APMCDRR 2024

Next Post

Start the new year with OUR HOME

Next Post
Start the new year with OUR HOME

Start the new year with OUR HOME

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

    Puregold OPMCON 2025 is Coming: Tickets drop this May at  Tindahan ni Aling Puring Sari-Sari Store Convention

    Puregold OPMCON 2025 is Coming: Tickets drop this May at Tindahan ni Aling Puring Sari-Sari Store Convention

    May 12, 2025
    Hitting GDP goal may be ‘challenging’

    Hitting GDP goal may be ‘challenging’

    May 11, 2025
    Gov’t debt service bill plunges 66% in March

    Gov’t debt service bill plunges 66% in March

    May 11, 2025
    Nomura cuts PHL growth forecasts for 2025, 2026

    Nomura cuts PHL growth forecasts for 2025, 2026

    May 11, 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.