Uber offers to pay P10M to lift suspension

Vivienne Gulla, ABS-CBN News

Posted at Aug 17 2017 12:22 PM | Updated as of Aug 17 2017 12:39 PM

Uber drivers congregate outside the ride-hailing company's office to inquire on the suspension order from the LTFRB in Pasig City on Tuesday. Mark Demayo, ABS-CBN News

MANILA - Uber on Thursday offered to pay P10 million to lift its 1-month suspension, as it sought a settlement with regulators. 

The ride-sharing service also said it was offering financial assistance to affected drivers. It did not disclose how much. 

"Uber has filed a second pleading urging the LTFRB (Land Transportation Franchising and Regulatory Board) to accept a fine rather than a suspension as a solution, to reduce the burden on the Filipino rider and driver community," Uber said in a statement. 

"We are also offering financial assistance to driver partners, as we work to urgently resolve this matter, and hope to be able to serve the Philippines again as soon as possible," it said. 

Uber on Wednesday apologized to the LTFRB and promised to comply with Philippine laws. 

Uber and rival Grab were earlier fined P5 million each for defying a moratorium on accrediting new drivers.