Uber pays P5 million fine


Posted at Jul 18 2017 07:10 PM | Updated as of Jul 19 2017 05:56 PM

MANILA - Ride-sharing service Uber on Tuesday paid the P5 million fine the Land Transportation Franchising and Regulatory Board (LTFRB) had meted the firm and competitor Grab for alleged violations of their license. 

Uber and Grab were both fined P5 million each by the LTFRB last week for violating the terms of their accreditation and for adding new units despite a government moratorium.

The two ride-sharing services said Monday they would not deactivate their units and urged the LTFRB to resume processing accreditation applications.

The LTFRB meanwhile warned both companies to follow regulations or face a crackdown.

Ride-sharing services, which provide on-demand conveyance through mobile phone applications, have gained popularity as riders complained of poor taxi services.