MANILA, Philippines – Senator Grace Poe welcomed the P190-million fine slapped by the Land Transportation Franchising and Regulatory Board (LTFRB) on Uber in order to lift its one-month suspension.
“The payment of a hefty P190-million penalty as a pre-condition before it can resume operations should be enough to make Uber rethink its actions and reevaluate its strategy in testing the extent of government regulations,” said Poe in a statement on Saturday, August 26.
“Likewise, I welcome the P2- million financial assistance Uber has to pay its drivers daily, which also serves as a form of penalty,” said the chairperson of the Senate committee on public services.
On Friday, August 25, the LTFRB announced the P190-million fine on Uber so it can resume its operations. The money will go straight to the national treasury.
The fine was based on Uber’s daily earnings, which it pegs at between P7 million and P10 million per day through at least 150,000 trips a day. (READ: TIMELINE: Why only Uber is suspended)
Poe, however, said she was “quite disappointed” the LTFRB released the decision late, barring Uber to pay the penalty immediately.
“It is frustrating to think that we have a long weekend ahead of us and people will have to suffer the inconvenience of having limited transportation choices in going around the Metro with their families. How will Uber be able to immediately comply with the LTFRB decision given that banks are closed during the weekend?” said Poe.
“If the LTFRB had allowed Uber to operate right away, then this could have served as a great relief to our people, most of whom rely on TNVS due to the comfort, reliability, and safety they provide,” she added.