LTFRB to hold dialogue with car dealers, banks next week

By on August 24, 2017


The Land Transportation Franchising and Regulatory Board (LTFRB) will conduct a dialogue with car dealers and banks next week to facilitate the registration of transport network vehicle services (TNVS) drivers. (Photo By Land Transportation Franchising and Regulatory Board, Public Domain)
The Land Transportation Franchising and Regulatory Board (LTFRB) will conduct a dialogue with car dealers and banks next week to facilitate the registration of transport network vehicle services (TNVS) drivers. (Photo By Land Transportation Franchising and Regulatory Board, Public Domain)

MANILA — The Land Transportation Franchising and Regulatory Board (LTFRB) will conduct a dialogue with car dealers and banks next week to facilitate the registration of transport network vehicle services (TNVS) drivers.

LTFRB board member and spokesperson Aileen Lizada said TNVS operators have expressed concern that their units are having a hard time to ply along roads as transport network companies (TNCs) require them to show proof of their official receipt (OR) and certificate of registration (CR).

“Part of the requirements of TNCs for those TNVS who have car loans is their OR/CR. Hindi maibigay ng third party ‘yan because nakapasok sa bangko naka-loan. But the banks are saying ‘di maibigay sa TNVS,” Lizada told reporters Thursday.

“Thus, we will have a dialogue with car dealers, in-house leasing and banks who provide car loans next week. We will mediate for TNVS para mailabas ang certification na kailangan ninyo when you process documents with us,” she added.

The agency will coordinate with financial institutions for the TNVS to be provided a certificate of no objection and to be registered as “for hire” with the LTFRB, Lizada said.

The LTFRB official also said it would hold a technical working group meeting with Uber and Grab next week.

She asked both Grab and Uber to provide a list of their deactivated TNVS units that will serve as basis on the granting of new franchises as well as renewal of existing drivers.

The agency plans to issue a memorandum circular next month that will put a limit on the number of TNVS units that will be operated by Uber and Grab.