Uber willing to pay P10-M to lift the suspension

Manila, Philippines - Uber is willing to pay P10-M fine to the Land Transportation Franchising and Regulatory Board (LTFRB) just to lift the 1 month suspension. Uber also said that it was offering financial assistance to the affected operators, without disclosing the amount.

"We are also offering a second pleading urging the LTFRB (Land Transportation Franchising and Regulatory Board) to acept a fine rather than a suspension as a solution, to reduce the burden on the Filipino rider and driver community," Uber said in a statement.

LTFRB and Uber had a meeting Wednesday with the Senate Committee on Public Services to settle the impasse over the accreditation of TNCs.

Uber apologized to the LTFRB and promised to comply with Philippine laws. Uber has filed a motion for reconsideration to lift the suspension but LTFRB junked their appeal citing that its activation of new drivers has led to the rise in the number of colorum TNVS which have no certificates of public convenience or provisional authority.