LTFRB says 100k franchise for all TNC

LTFRB

The Land Transportation Franchising and Regulatory Board (LTFRB) retracted its earlier claim pertaining to the issuance of franchises for transport network vehicle service (TNVS) providers.

KEY TAKEAWAYS

  • What is the Land Transportation Franchising and Regulatory Board's latest statement pertaining to TNVS franchise issuance?

    Per the latest statement, the Board said that the 100,000 franchise slot is for all transport network companies operating in the country. 
  • The regulator issued the latest statement after transport groups questioned such a move.

    According to LTFRB Chairman Atty. Teofilo Guadiz III, the organization shall conduct public hearings with various stakeholders before it has a deliberation, in conjunction with contacting the Department of Transportation (DOTr) to come up with a corresponding standard.

    LTFRB TNVS franchise statement

    Guadiz also said that the slots are both for two-wheel and four-wheeled vehicles from any TNC who are interested in getting a franchise.

    Per the LTFRB chief, the agency has considered everything in granting slots for TNVS franchise in different regions — particularly in the Visayas and Mindanao — to ensure the benefit of commuters.

    Aside from helping the country build a more stable public transportation service, the LTFRB expressed firm belief that opening franchise slots will create more jobs.

    LTFRB on TNVS

    Prior to the clarification, LTFRB announced that the initial 100,000 franchises to be issued are for drivers under Grab Philippines. Such declaration came after the reported "investment pledge" from the aforementioned transport network company (TNC) that could possibly generate 500,000 more jobs in the country.

    Relatedly, Grab Philippines Senior Director for Operations Ronald Roda earlier dispelled fears of a possible oversupply, saying that demand for a fresh supply of TNVS units in the country is enough.

    He noted that commuters using ride-hailing apps have already breached the pre-pandemic level in December 2022.

    Roda also said that in the Greater Metro Manila area alone, Grab daily bookings alone has far exceeded the existing supply of ride-hailing drivers. He said that the company served less than half of the passenger demand volume in December last year.

    Photos from Land Transportation Franchising and Regulatory Board Facebook page, Grab

    Also read:

    LTFRB orders Grab to submit position paper on 'short trips'

    Grab PH creates new bonus scheme to get more driver partners

    Grab PH urges LTFRB to open more TNVS slots

    Read All

    Featured Articles

    Recommended Articles For You

    Read All

    Featured Cars

    • Upcoming

    Car Articles From Zigwheels

    • News
    • Article Feature
    • Advisory Stories
    • Road Test
    • MIAS 2025: Chery Auto PH to introduce all-new Tiggo Cross
      MIAS 2025: Chery Auto PH to introduce all-new Tiggo Cross
      Ruben Manahan IV . Today
    • Renault Group gains full ownership of Nissan Magnite-producing RNAIPL
      Renault Group gains full ownership of Nissan Magnite-producing RNAIPL
      Cesar Miguel . Today
    • MIAS 2025 to continue highlighting latest tech in PH auto, moto, truck scene
      MIAS 2025 to continue highlighting latest tech in PH auto, moto, truck scene
      Ruben Manahan IV . Today
    • GWM PH to open 3 new dealerships in 2025
      GWM PH to open 3 new dealerships in 2025
      Paulo Papa . Today
    • Kai Sotto gets a Toyota Super Grandia Elite
      Kai Sotto gets a Toyota Super Grandia Elite
      Ruben Manahan IV . Today
    • Here’s a closer look inside the BYD Seal
      Here’s a closer look inside the BYD Seal
      Cesar Miguel . Today
    • April Fools pranks from motorcycle, car brands in 2025
      April Fools pranks from motorcycle, car brands in 2025
      Cesar Miguel . Apr 02, 2025
    • Here’s a close look inside the BYD Shark 6 DMO
      Here’s a close look inside the BYD Shark 6 DMO
      Cesar Miguel . Mar 25, 2025
    • Ford ‘Raptor’ trucks, SUV showcased in Dubai dunes
      Ford ‘Raptor’ trucks, SUV showcased in Dubai dunes
      Paulo Papa . Mar 21, 2025
    • Here are the BYD Shark 6 DMO's 3 available colors in PH
      Here are the BYD Shark 6 DMO's 3 available colors in PH
      Paulo Papa . Mar 18, 2025
    • Do you really need 4x4 for overlanding?
      Do you really need 4x4 for overlanding?
      Cesar Miguel . Mar 26, 2025
    • Number coding 2025: what you need to know
      Number coding 2025: what you need to know
      Paulo Papa . Mar 09, 2025
    • EVs still require lubrication, JAMA execs say
      EVs still require lubrication, JAMA execs say
      Paulo Papa . Mar 09, 2025
    • Ensure your vehicle is Summer road trip-ready by following these tips
      Ensure your vehicle is Summer road trip-ready by following these tips
      Paulo Papa . Mar 06, 2025
    • Loving your car 101: how to protect your car’s interior
      Loving your car 101: how to protect your car’s interior
      Paulo Papa . Feb 17, 2025
    • First drive: Jetour X70 Lightning i-DM
      First drive: Jetour X70 Lightning i-DM
      Paulo Papa . Today
    • Changan CS15: no-fuss daily driver
      Changan CS15: no-fuss daily driver
      Cesar Miguel . Mar 27, 2025
    • First drive: Mercedes-Benz EQE 350+ AMG Line
      First drive: Mercedes-Benz EQE 350+ AMG Line
      Paulo Papa . Mar 21, 2025
    • BYD Shark 6 DMO: first impressions
      BYD Shark 6 DMO: first impressions
      Cesar Miguel . Mar 19, 2025
    • Changan Uni-T: bold and classy
      Changan Uni-T: bold and classy
      Ruben Manahan IV . Mar 14, 2025