The fare structure of OWTO, one of the newly-accredited transport network companies
MANILA, Philippines – New transport network companies (TNCs) are set to operate in the country this month.
While the Land Transportation Franchising and Regulatory Board will look into bids to adjust the TNVS’ supply cap after every three months.
The Land Transportation Franchising and Regulatory Board has accredited five new transport companies set to operate in the Philippines. These are Hype, Owto, Go Lag, Hirna, and Micab.
Micab, a TNC partnering with taxi cabs already started its operation.
Its app allows passengers to book a ride without internet connection.
Its fare will be based on the taxi’s meter and will not collect booking fees.
“Tayo ay naka-focus sa mga taxis, at ang mga taxis naman natin ay may existing na mga franchise so hindi naming nakikita yung problema na makakadagdag sa trapiko,” said Leo Gellor from Micab.
Another TNC, Hirna is also a taxi-hailing service. But for now, its operation will only cover Davao, Bacolod, Iloilo, Cagayan de Oro, Iligan, Cebu, Baguio, and Pampanga.
On the other hand, the TNC called Hype will use private-owned vehicles. Hype said it currently has 30,000 members which also includes those without franchises.
“Marami rin na naga-apply na bago, and once we start to operate we will also present their case to LTFRB,” said Hype President Nicanor Escalante.
Hype’s fare structure is composed of P40 base fare, 14 pesos per kilometer charge, and times two surge rate.
It is set to launch its mobile application on May 19. While Owto’s mobile application will be available for download on May 18. It also has fare matrix similar to Hype’s.
The company has yet to operate, but as early as now, they already have 5,000 registered TNVS.
“Ang naa-accommodate po naming ngayon due to LTFRB’s mandate yun lang pong may mga existing pa, but then again wag pong mawawalan ng pagasa yung mga new applicants natin,” Owto chief financial officer Rudolfo Prieto said.
Meanwhile, Go Lag is planning to launch its operation by June.
Grab PH earlier said that the number of their vehicles is very limited to meet the 600,000 demand in ride-bookings daily.
In line with this, the LTFRB will study TNVS supply cap adjustment after every three months. – Joan Nano | UNTV News & Rescue