A new Filipino-owned transport network company called UTOL, short for Unified Transport Operations League, is joining the list of firms in the local ride-sharing market dominated by regional player Grab.
Department of Trade and Industry (DTI) undersecretary Ceferino Rodolfo said the company is planning to import 20,000 e-vehicles, 10,000 units each for its leasing business and TNVS, and put up 1,000 charging stations.
The LTFRB on Thursday said it is set to release 1,130 CPCs to TNVS applicants within the next two weeks, following an order from the Anti-Red Tape Authority (ARTA) for it to automatically approve all valid TNVS applications.