LTFRB calls into question the tariff system of Hype

EARTH FREIGHT TRANSPORT AND REGULAR BOARD (LTFRB) ISSUED ISSUE RATES FOR NETWORK TRANSPORT COMPANY (CNC) Hype Transport Systems, Inc. TO WISH TO IMPOSE P2 PER MINUTE TIME FROM travel expense without the authorization of the board of directors.

In an order released Tuesday and shared with reporters Wednesday, the LTFRB says it wants the company to turn-hailing to explain its tariff structure or else it can face the suspension.

"Acting on a report forwarded by a concerned citizen to the Commission, respondent Hype Transport Systems, Inc. is hereby directed to provide written reasons within five days of receipt of a copy hereof, why its certification of accreditation as a transportation network business should not be suspended …, "the order read.

But in a text message to BusinessWorld HYPE President Nick L. Escalante said the company does not violate any policy.

"We are currently DRAF ting our response to the order of the LTFRB. We assure the public that HYPE is transparent and complies with the law and the rules and regulations regarding transnational corporations. HYPE is one with LTFRB in its goal or offering a quality choice for the public on horseback, "he says.

The LTFRB says the charge is above a flag rate down from P40 and an extra P14 per kilometer. He also set a hearing for this case on July 24, Tuesday.

Hype was asked for comments on the justification order, but has not yet released an official statement of press time.

In April, Grab Philippines (MyTaxi.PH) was also polled for its P2 per minute charge of waiting time that led to the suspension of the tariff component.

He also brought the LTFRB slap a P10 million fine on the company last week for said charge, and an order to pay back the P2 per minute Grab collected from the passengers for its almost one-time implementation. year.

Hype is one of the local hailing PROMENOR companies accredited by the LTFRB in April after Grab's redemption of operations in Southeast Asia from uber Technologies, Inc., leaving the only TNC on the market. – Denise A. Valdez