Tuesday 21 May
Aug 28, 2018 @ 19:02

Grab asks LTFRB to hike TNVS cars to 80,000


Grab Philippines has asked the Land Transportation Franchising and Regulatory Board to increase the supply base for transport network vehicle services to 80,500 from 65,000 to address the demand for ride-hailing services.

Leo Gonzales, head of Public Affairs at Grab Philippines, said Grab gets about 600,000 daily bookings but there are only 35,000 daily active drivers available to serve this demand.

Gonzales also noted that Grab’s allocation rate in Metro Manila ia the lowest in Southeast Asia as only four out of 10 bookings are effiiciently served.

?The Philippines, despite being the first Asian country to legalize ride-hailing in 2015, is facing a big setback with the current supply crisis. Supply is struggling to meet the massive demand from the riding public and only the LTFRB has the authority to address this,? Gonzales said.

“When Uber pulled out of the market last March, only 42,000 vehicles were left operating with Grab as not all vehicles were able to transfer from Uber, ” Gonzales said.

Grab also asked the LTFRB to review the demand quarterly, consistent with their earlier pronouncements. This will help bring more passengers home and will allow new TNCs to scale,? he added.

Please follow and like us:

Tags: , , , ,

Related Stories
The listed investment arm of taipan John Gokongwei has launched its own venture capital fund
This company is not part of multibillion peso Sy empire.
Grab users may now purchase movie tickets at SM cinemas through the ride hailing app.
J&T Express, the number one e-commerce express delivery in Southeast Asia, has entered the Philippine


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.