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Uber pays P190-million fine
Uber Systems Inc. on Tuesday officially settled the P190-million fine imposed by the Land Transportation Franchising and Regulatory Board (LTFRB) on the Transport Network Company (TNC) for violating a ban on accepting new drivers.
The deal was for Uber to settle the fine and LTFRB will lift the one-month suspension order it issued agains Uber on August 14.
Uber lawyers Roberto Ramiro and Ane Mascenon from Puyat-Jacinto-Santos Law Office paid the fine at the LTFRB office in Quezon City around 1 p.m.
The lawyers declined to comment. "We're not authorized to give any statement," Ramiro said.
In a press conference on Tuesday afternoon, the LTFRB said it lifted the one-month suspension.
LTFRB board member Aileen Lizada told reporters suspension is "hereby lifted and set aside."
In a separate statement, Uber said it will resume operations.
"We have complied with the requirements outlined by the LTFRB, and are grateful for the opportunity to serve the Philippines again. Our operations will resume at 5:00pm," the company said.
On Friday, the LTFRB said it would grant Uber's request to have the one-month suspension lifted if the TNC would pay a P190-million fine.
In an order dated August 25, the board said the fine will be remitted to the national treasury once Uber has paid for it.
Apart from the fine, Uber was ordered to remit financial assistance to its drivers P19.9 million a day until its operation is restored.
"Proof of compliance is likewise imposed, the same to be evidenced by a certification from the respondent's depository bank," the LTFRB added.
LTFRB board member Aileen Lizada on Saturday clarified the basis for imposing a P190-million million was the average daily income of Uber estimated at P7 million to P10 million.
"Ang remaining days ng suspension is 19 days. Kaya 'yung P10 million times 19 days na naiwan ... That's how we arrived with the amount of 190," Lizada said. — VDS/ALG, GMA News
