MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) apparently has a bone to pick with ridesharing firm Grab after the transport network company (TNC) blamed the supposed “supply crisis” in the sector on the government. Grab immediately released an apology and said the TNC “would like to sincerely apologize for any miscommunication” brought about by the electronic direct mail (EDM). “In no way was this EDM meant to undermine the ongoing progress and dialogues being undertaken to add TNVS supply,” the company said. This comes as LTFRB disputed Grab’s claims as stated in the email that “no action has been taken by the LTFRB” as it proposed to increase the supply cap to 80,500 units instead of the current 65,000 common supply base, which has yet to be filled. The LTFRB denied the statement, saying that it is open to applications for transport network vehicle service (TNVS) franchises outside of the master list of initial registered vehicles allowed to operate.

Source: Philippine Star September 17, 2018 16:04 UTC