Ride-hailing service Uber on Tuesday paid the P190-million fine imposed by the Land Transportation Franchising and Regulatory Board (LTFRB) in exchange for lifting its month-long suspension.
Uber representatives settled the fine Tuesday afternoon at the LTFRB office through a check payment.
READ: Philippine regulators suspend Uber for one month
The transport regulator last week said Uber, which was suspended on Aug. 14, may resume operations if it paid a PHP190-million (USD 3.7 million) fine.
Aside from the fine, the LTFRB also ordered Uber to pay PHP19.9 million daily (USD398,000) to its partner-drivers, which the LTFRB said was based on Uber’s own manifestation that they would extend financial assistance to its drivers until its services are restored.
Uber was suspended two weeks ago for allegedly defying a moratorium on accepting new drivers. The company earlier offered to pay PHP10 million (USD2 million) to lift the order.
JUST IN: Uber pays P190 million penalty to LTFRB this Tuesday | via @DorisBigornia pic.twitter.com/kesRZaYUUk
— ABS-CBN News Channel (@ANCALERTS) August 29, 2017
READ: Filipino commuters react to first day without Uber
The LTFRB on Sunday said the PHP190 million fine was based on the remaining 19 days of the suspension order multiplied by Uber’s average daily income of PHP10 million.
Ride-hailing firms, which offer on-demand transport service using mobile phone applications, have been a popular alternative to taxis and other modes of public transport.
Reader Interactions