MANILA - Suspended ride-sharing company Uber System Inc. said Saturday morning it is "working hard" to meet the Land Transportation Franchising and Regulatory Board’s (LTFRB) conditions so it could resume its services.
"We're working hard to meet the conditions for the lifting of the suspension and hope to resume operations as soon as possible," Uber said Saturday.
Uber made the statement a day after the LTFRB slapped it a hefty P190 million fine in exchange for lifting it's one-month suspension over franchise violations, enforced on Aug. 14.
The LTFRB also ordered Uber to give P19.9 million in assistance daily to its partner-drivers, who have been unable to ply their routes during its suspension.
Uber and rival Grab were previously fined P5 million each for failing to follow a moratorium on the accreditation of new partner-drivers.
Uber then offered to pay P10 million to lift the suspension.
Grab has meanwhile continued operations.
Commuters have widely used ride-sharing services, which offer on-demand transport through mobile phone applications, as an alternative to taxis and other modes of public transport.
The Senate has recently moved to craft a policy that would govern app-based transport services.