The Land Transportation Franchising and Regulatory Board (LTFRB) said over the weekend it accredited 14 new transport network companies (TNCs) to increase competition and improve the overall quality of ride-hailing services for commuters.
LTFRB chairperson Teofilo E. Guadiz III said 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 Corp. and 13 other TNCs bring the total number of accredited TNCs to 19.
The other TNCs are UNLA LA Corp., 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 Corp., Get Express Global Corp., Para Xpress Technology Services Inc., Taxsee Philippines Inc. and RL Soft Corp.
The LTFRB 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 stressed the importance of a diversified and competitive ride-hailing market to provide safe, reliable and affordable transportation options for all Filipinos.
Guadiz said the LTFRB would 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,” he said.
He reiterated the importance of working with all the players to ensure that they comply with government rules and regulations that govern ride-hailing companies.
“We will continue to work closely with all accredited TNCs to monitor compliance with our regulations and to ensure that the riding public receives the highest quality of service,” he said.
