Launch invitation of new transport network company, OWTO, posted on social media.
QUEZON CITY, Philippines — Attorney Aileen Lizada, board member of the Land Transportation Franchising and Regulatory Board (LTFRB) was shocked to learn of a soon-to-be launched transport network company called, ‘OWTO’.
The LTFRB ordered to stop its scheduled launch on Monday, December 18, because they still have not contacted the LTFRB.
“To the organizers of OWTO, it is best that you coordinate with the LTFRB before you do any press conference, before you do any marketing because you need, you know, the basic requirements that the law requires. They cannot just launch without presenting the business design to the regulatory body. That is their mistake they post it,” said Lizada.
But according to OWTO Chief Executive Officer Joel Gayod, they personally presented to LTFRB Chairman Martin Delgra, their business proposal.
“We presented all the features especially the security features. We had a positive response from Chairman Delgra. Before he left the conference he said, ‘Okay, take care of your app.’ We took it as a positive note. Atty. Lizada was not there when we had the presentation,” said Gayod.
They also already submitted the required documents except for the endorsement from the Department of Information and Technology (DICT).
“This is a new guideline that we have to be endorsed by DICT. The problem is, DICT is not yet ready. They have not formed a group to regulate this kind of application. We went to DICT several times,” explained Gayod.
OWTO is a transport network vehicle service application like Uber and GRAB but is owned and made by Filipinos. They will initially process 5,000 units once the application is officially launched. – Grace Gasin | UNTV News & Rescue
The post New transport network company “OWTO” stopped by LTFRB appeared first on UNTV News.