Bilyonaryo - Business

Grab to LTFRB: Relax requirements for TNVS applicants

February 10, 2023

Bilyonaryo.com

Grab Philippines is urging the Land Transportation Franchising and Regulatory Board (LTFRB) to ease the regulatory requirements for transportation network vehicle service (TNVS) applicants to alleviate the driver shortage.

In a media briefing, Grab Philippines Senior Director for Operations Ronald Roda said despite the additional TNVS slots opened by the government, less than a thousand applications have been approved due to tedious requirements.

“We’re asking [LTFRB] for changes. Assuming you [LTFRB] ease up requirements, we would increase our capacity,” Roda said.

Roda said the demand for its transport services already breached past the pre-pandemic level in December last year.

Data from Grab showed that daily bookings in Greater Metro Manila alone far exceeds the existing supply of ride-hailing drivers – with Grab serving less than half of the passenger demand volume during December.

Outside of Greater Metro Manila, the demand for GrabCar has not yet returned to pre-pandemic levels, but has shown monthly double-digit growth.

Areas outside the Greater Metro Manila, including Pampanga, Albay, Camarines Sur, Iloilo City, Bacolod City, and Cebu, also need additional supply of TNVS.

Related News Tags: Grab Philippines, LTFRB, transportation network vehicle service (TNVS)

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