LTFRB to Stop Accepting New TNVS Applications

The suspension is aimed at allowing the agency time to evaluate existing transport services.

(SPOT.ph) In a memorandum sent to the media on September 26, the Land Tranportation Franchising and Regulatory Board announced that they are declaring a moratorium on accepting new applications from transport network companies. According to a news report by Manila Bulletin, this is so that the board can focus on regulating the existing transport network companies (TNCs) and evaluate whether their accreditation should be renewed.

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According to Memorandum Circular 2018-016, effective August 29, the Land Transportation Franchising and Regulatory Board (LTFRB) accredited six new TNCs in 2018, namely: Hype Transport Systems, Inc.; Go Lag, Inc.; iPara Technologies and Solutions Inc. (owner of the ride-sharing app OWTO); Hirna Mobility Solutions, Inc.; Micab Systems Corporation; and E-Pick Me Up, Inc. The applications of two prospective TNCs, Out-of-Town Cars Corporation and Mober Technology PTE Inc., have been denied by the board.

The LTFRB has not announced an end date for the moratorium.

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