It's out! LTFRB memo orders ride-hailing apps, operators to absorb fare discounts

It's out! LTFRB memo orders ride-hailing apps, operators to absorb fare discounts

Unless they are also operators, drivers will no longer absorb passenger discounts starting April 7. The Land Transportation Franchising and Regulatory Board (LTFRB) has ordered transport network companies (TNCs) and transport network vehicle service (TNVS) operators to equally shoulder the 20% fare discounts legally entitled to persons with disability, senior citizens, and students. “The TNVS operator and the TNC will equally share (50%-50%) the…