Business
LTFRB Revives Pickup Fares for Ride-Hailing Services
The Land Transportation Franchising and Regulatory Board (LTFRB) will reinstate fixed pickup fares for ride-hailing services, aiming to address rising operating costs while curbing unpredictable fare surges for commuters.
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The Land Transportation Franchising and Regulatory Board (LTFRB) in the Philippines has revived fixed pick-up fares for Transport Network Vehicle Service (TNVS) units due to concerns over operating costs. This move aims to address grievances from both passengers and operators, preventing service shortages and unauthorized charges.