The Land Transportation Franchising and Regulatory Board (LTFRB) has given the go signal to 14 new transport network companies (TNCs) to operate in the Philippines. They have also renewed the accreditation of 5 existing companies.
LTFRB Chairman Atty. Teofilo Guadiz III said that the approval for new TNCs and the added slots for transport network vehicle service (TNVS) aims to address the growing demand for ride-hailing services in the market.
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Having a free market where more players are competing is a big win for Filipino commuters. With new players coming in, the riding public can expect better fares and availability of ride-hailing services, especially during rush hours.
These are the 14 new TNCs that received accreditation from the LTFRB:
- Angkas Technologies
- Aztech Solution International Corp.
- Get Express Global Corporation
- GoCab Corp.
- Hail Transport Inc.
- Leggo Information Technology Solutions
- Metrophills Transport Association Inc.
- Para Xpress Technology Services Inc.
- Peek Up Philippines Corporation.
- PureRide Corporation
- RL Soft Corporation
- Taxsee Philippines Inc.
- Unified Transport Operations League Corp.
- UNLA LA Corporation
Meanwhile, these are the five firms that received renewed accreditation from LTFRB:
- Cloud Panda PH Inc.
- E-Pick Me Up Inc.
- Grab Philippines
- Hirna Mobility Solutions Inc.
- Joyride E-Commerce
The LTFRB chief said that they will work closely with all accredited TNCs to ensure they comply with all the rules and regulations and to ensure the riding public experiences the highest quality of service available.