Uber back on the road, settles P190M fine
The Land Transportation and Regulatory Board has lifted the one month suspension on Uber Systems Inc. after the ridesharing service paid a hefty fine of P190 million.
The amount is nearly 20 times greater than Uber had offered to pay. It was calculated by “taking into consideration the number of days Uber should be suspended in relation to the daily average income.”
Apart from paying the penalty, Uber remitted P299.24 million in financial assistance payments to operators of TNVS (transportation network vehicle service) for the period covering Aug.15 to 19.
?In view of the submission of proof submitted by US, the one month suspension on the accrediting of USI, by virtue of order dated August 14, is hereby lifted and set aside,? LTFRB said in an order dated Aug. 29.
?We are grateful for the opportunity to serve the Philippines again. Our operations will resume at 5:00pm,? Uber said in a statement.
LTFRB earlier suspended the accreditation and operations of Uber for defying a directive to stop accepting new driver applications.
The regulator suspended Uber’s operations for a month from Aug.14.
Uber has nearly 67,000 drivers here.