LTFRB

The LTFRB has issued a memorandum last February setting the supply cap of TNVS units in Metro Manila at 65,000. Of the proposed 65,000 vehicle cap, 55,000 slots have been allocated to vehicles based the master list of the LTFRB.

Hype should be charging a base fare of P40 and an additional charge of P14 per kilometer with no per minute rate, according to the agency.

The LTFRB said Grab should reimburse the charge through rebates for future ride bookings of its passengers.

Grab Philippines said the suspension of its per minute fare has infringed the ?equal protection clause? of the Constitution even as it has allowed other transportation network companies (TNCs) to impose similar charges.

It's a "Big Brother is watching" moment for Grab drivers.

The LTFRB released on Wednesday, April 18, Accreditation No. ?2018-001 which authorizes Hype to operate for two years.

The lawmaker said that many regular TNVS users regularly compare the rates of Uber and Grab before booking a ride -- an option that will no longer be available to commuters when Grab becomes the sole TNVS provider come April 9.