LTFRB raises ride-hailing vehicle cap to 66,750

RAPPLER

MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) on Monday, February 12, raised the allowed number of ride-hailing vehicle units to 66,750.

Under Memorandum Circular 2018-005, the LTFRB raised the “common supply base,” or the number of allowed franchises under Transport Network Vehicle Services (TNVS), to 65,000 ... via PK