The Land Transportation Franchising and Regulatory Board (LTFRB) has accredited 14 new transport network companies (TNCs) in a bid to increase competition and improve the overall quality of ride-hailing services for commuters.
According to LTFRB chairperson Teofilo E. Guadiz III, the addition of new TNCs “is in line with the agency’s mandate to ensure that the riding public continues to benefit from advancements in transportation services.”
“Aside from the accreditation of these new TNCs, the LTFRB has also released new transport network vehicle service (TNVS) slots to support the expanding ride-hailing market. This initiative underscores our commitment to fostering a competitive environment that prioritizes commuter welfare and accessibility,” Guadiz said.
The recent accreditation of PureRide Corporation and 13 other TNCs brings the total number of accredited TNCs to 19.
The other TNCs include UNLA LA Corporation, Leggo Information Technology Solutions, Aztech Solution International Corp., Metrohills Transport Association Inc., Hail Transport Inc., Angkas Technologies, GoCab Corp., Unified Transport Operations League Corp, Peek Up Philippines Corporation, Get Express Global Corporation, Para Xpress Technology Services Inc., Taxsee Philippines Inc. and RL Soft Corporation.
The LTFRB has also renewed the accreditation of Joyride E-Commerce, Cloud Panda PH, Inc. E-Pick Me Up Inc., Hirna Mobility Solutions, Inc. and Grab.
Transportation Secretary Jaime Bautista earlier emphasized the importance of a diversified and competitive ride-hailing market to provide safe, reliable, and affordable transportation options for Filipinos.
Guadiz said the LTFRB “will continue to implement policies and programs that support the growth and improvement of the ride-hailing industry.”
“The LTFRB remains committed to its mission of ensuring a safe, efficient, and accessible public transportation system,” said the lawyer.
He reiterated the importance of working with all the players to ensure they comply with rules and regulations governing ride-hailing companies.
“We will continue to work closely with all accredited TNCs to monitor compliance with regulations and to ensure that the riding public receives the highest quality of service,” Guadiz said.
