MANILA, Philippines – The Land Transportation Franchising and Regulatory Board (LTFRB) approved on Monday, April 30, the accreditation of another ride-hailing company.

LTFRB Board Member Aileen Lizada sent a copy of the signed accreditation papers of Micab Systems Corporation, which allows the company to operate for two years.

JUST IN: LTFRB accredits Micab Systems Corporation, the 5th ride-hailing company to be accredited after @grabph bought the Southeast Asia operations of Uber. @rapplerdotcom pic.twitter.com/TBdYIA4KYj

— Aika Rey (@reyaika) April 30, 2018

Accreditation Number 2018-TNC-005 was signed on Monday by Lizada, LTFRB Chairman Martin Delgra III, and Board Member Ronaldo Corpus.

Micab, an app for booking taxis, is the 5th ride-hailing company approved this year, joining Hype, Hirna, Go Lag, and Owto.

The ride-hailing company can start operating once it receives its accreditation papers.

The 5 companies are expected to challenge Grab, which now dominates the local market after it bought Uber’s operations in Southeast Asia. – Rappler.com