Metro Manila (CNN Philippines, February 3) — The Land Transportation Franchising and Regulatory Board (LTFRB) will allow 100,000 vehicles registered under Grab to get franchises in a bid to meet public demand for transport network vehicle service (TNVS).
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This was after the ride-hailing company said it made an “investment pledge” to President Ferdinand Marcos Jr. on Thursday that could result in the creation of 500,000 jobs.
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READ: Grab pledges half a million jobs to Marcos
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“500,000 new jobs with the creation of 100,000 motor vehicles both in 4-wheeled and the motorcycle taxi,” LTFRB chairman Teofilo Guadiz III said on Friday.
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“But 100,000 is the initial, hindi naman natin bibiglain lahat ‘yan [we will not do it all at once] to prevent saturation in the market,” he added.
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Guadiz explained the agency could increase the number of vehicles in three months until it matches the needs of commuters.
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He also said the LTFRB is trying to give franchises to motor vehicles in other cities like Bacolod, Iloilo, Cebu, and Davao.
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Grab is also looking for a way to generate employment in Davao, Cebu, and Iloilo, according to Malacañang.
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The LTFRB will release two memorandum circulars detailing guidelines and qualifications for TNVS drivers, which will include a 15-hour seminar on road safety, Guadiz said.
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Motorcycle taxis have been under pilot testing since 2019 as authorities study the safety of the service.
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