Uber to resume Philippine service soon after fine
AFP
AFP, MANILA: Uber said yesterday it expects to resume operations in the Philippines soon after regulators agreed to lift a ban slapped against the American ride-sharing giant in exchange for a fine.
The government meted Uber a one-month suspension on August 14 following a tussle over driver permits, sparking public outrage as some 66,000 vehicles were forced off the streets.
Hundreds of thousands of Manila commuters find Uber and its ride-sharing rivals welcome alternatives to the countrys notoriously poor and overcrowded buses and trains, run-down taxis and irascible cab drivers.
But late Friday the governments transport agency said it would lift the ban following an Uber appeal. It ordered the US firm to pay a fine of 190 million pesos ($3.7 million) and give its drivers financial aid for lost earnings.
The online ride-sharing services of the respondent USI (Uber) will be restored when it has paid the amount of fine and the said financial assistance remitted, a Land Transportation Franchising and Regulatory Board resolution said.
Uber said it would comply with the ruling, which also requires it to pay about $391,000 a day in financial assistancesplit between its Philippine driversuntil
the company restores its operations.
Were working hard to meet the conditions for the lifting of the suspension and hope to resume operations as soon as possible, it said in a brief statement that did not give a timetable.
The Philippine transportation agency last year imposed a moratorium on the processing of new applications for ride-sharing services as it studied how to regulate a growing industry.
