LTFRB approves 2 new TNCs

(L-R) LTFRB Board Member Ronaldo Corpuz; Chairman Martin Delgra III; Board Member Atty. Aileen Lizada

MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) has approved the operation of two new transport network companies (TNCs) “Hype” and “Owto.”

In an advisory Wednesday, LTFRB Board Member Atty. Aileen Lizada said the agency granted certificate of accreditation to the two TNCs effective for two years.

Hype and Owto assured that their respective TNVS are private drivers with existing franchise.

Owto assured that, being a Filipino company, their services are cheaper than that of existing TNCs.

“The rates that we’ve submitted with the LTFRB are definitely lower than the rates being imposed by Grab. We’re a Filipino corporation. We don’t need to remit or to sustain foreign entities,” said Atty. Eloisa Bayani, the legal counsel of Owto.

Meanwhile, LTFRB also approved the accreditation of another ride-hailing firm “Hirna.” Unlike other TNCs who partner with private drivers, “Hirna” partners with taxi drivers as it aims to rebuild the image of taxi services in the country. “Hirna” does not require a booking fee but they charge based on what is recorded on the taxi meter.

“Wala tayong icha-charge na booking fee, zero (We will not charge any booking fees—zero). Whatever is in the meter is what you pay. Unlike other ride hailing apps na may booking fee na, may surge pa yung booking fee (that have booking fees that are subject to surge pricing),” Hirna president and CEO Francisco Mauricio explained.

LTFRB’s accreditation of additional TNC players was in response to the merger of Uber and Grab operations in Southeast Asia to prevent monopoly of services in the ride-hailing sector in the country. — Joan Nano | UNTV News & Rescue

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