Wazzup Pilipinas!
MiCab, the Cebu-based tech startup celebrated for its locally-developed and low cost taxi-hailing app for the riding public, welcomes the new guidelines on ride-sharing apps crafted by the Land Transport and Franchising Regulatory Board (LTFRB).
“As more and more Filipinos use app-based services for commuting, the new LTFRB rules can help level the playing field in the industry and ultimately benefit commuters with better and safer app-based car hire services,” said miCab founder Eddie Ybañez.
For Ybañez, LTFRB’s setting of new regulations for online and mobile-based transport services goes a long way in providing more convenience and safety to public commuters.
“The LTFRB’s new rules make the Philippines the first country to establish guidelines in this brave new world of internet and mobile app-based solutions to public transportation. This is indeed a landmark ruling,” he said.
The LTFRB defines private vehicles for hire that use net or mobile apps for booking and dispatching as a “Premium Taxi.”
Under its new rules, premium taxi operators must have at least 20 units in his or her fleet. These vehicles must be brand-new at the time of franchise application, follow the color set by the agency, and have a maximum age of only 7 years.