LTFRB-7 extends work days to accept franchise consolidation applicants


CEBU CITY: The Land Transportation Franchising and Regulatory Board-Central Visayas (LTFRB-7) office here accepted applications for consolidation on Saturday and again on April 27.

LTFRB-7 Director Eduardo Montealto Jr. said he ordered the additional working days in anticipation of more public utility jeepney (PUJ) owners processing their consolidation franchises after President Ferdinand R. Marcos Jr.’s announcement that there will be no more extension after the April 30 deadline.

PUJs without at least an application for consolidation will not be allowed to ply their routes anymore after April 30 under the Public Utility Vehicle Modernization Program.

‘This is a national directive to give chances to individual operators to join the industry consolidation,’ Montealto told the Philippine News Agency.

Montealto said 8,580 units of PUJs consolidated into cooperatives or corporations as of the first cutoff on Dec. 31, 2023.

As of January this year, the consolidation rate in Central Visayas is at 78 percent f
rom 56 percent in October 2023.

Source: Philippines News Agency

  • malaysiang

    Related Posts

    CPO Futures Snap Three-day Losing Streak To End Higher

    KUALA LUMPUR, Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a three-day losing streak to end higher on Wednesday as the market expects a resumption of vegetable oil demand from India for the upcoming festive season, said a trader…

    Retail Prices Of RON97, Diesel Drop 6 Sen From Tomorrow

    KUALA LUMPUR, The retail price of RON97 petrol and diesel in Peninsular Malaysia will drop by six sen, to RM3.19 and RM2.95 per litre respectively, from tomorrow until Sept 25.

    The Ministry of Finance (MOF), in a statement today, said that the price…