Uber offers P10M in exchange for lifting of suspension order
Ride hailing firm Uber on Thursday offered P10 million in exchange for the lifting of the one-month suspension imposed by the Land Transportation Franchising and Regulatory Board.
Uber was suspended for 30 days and fined P5 million for defying the LTFRB?s order to stop accepting applications
?We thank the Senate Committee on Public Services and the LTFRB for the productive meeting yesterday. Uber has filed a second pleading urging the LTFRB to accept the fine rather than a suspension as a solution, to reduce the burden on the Filipino and driver community,? the ride hailing app said in a statement.
We are also offering financial assistance to driver partners, as we work to urgently resolve this matter, and hope to be able to serve the Philippines again as soon as possible,? it added.
Uber apologized to the LTFRB and committed to follow and respect Philippine laws. It also offered to compensate affected drivers.
Lawmakers urged the LTFRB to convert the suspension into appropriate administrative fines to ease the woes of commuters.