(Eagle News) — Transportation Secretary Arthur Tugade on Monday, June 11, signed a department order giving the Land Transportation Franchising and Regulatory Board full regulatory powers over Transport Network Companies and Transport Network Vehicle Services.
“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,” Tugade said in a Department of Transportation statement announcing the signing.
According to the DoTr, in the Department Order, there was a recognition of 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.”
Grab Philippines country manager Brian Cu said that “Grab will comply, as always, with the orders set forth by the (DoTr).”
“We also recognize and reiterate our deference to the authority of the (LTFRB), and we will continue to abide by the regulations issued by the Board,” Cu said.