MANILA, Philippines — Ride-sharing company Uber Systems Inc. on Tuesday confirmed that it will resume its operations within the week after paying the fine imposed by the Land Transportation Franchising and Regulatory Board.
“We anticipate being able to resume operations this coming week. During the interim period, Uber will continue to provide financial assistance to partners as we have committed to you,” Uber told its patrons in its Twitter account.
“We will update again once we are back online,” it added.
Uber paid the P190 million fine slapped by the LTFRB to lift its one-month suspension on Tuesday. They settled the penalty through a bank check rendered by the transport network company’s legal counsels Ane Mascenon and Roberto Ramiro.
Despite this, LTFRB has not yet made any announcement on the return of Uber.
The LTFRB ordered the suspension of Uber’s accreditation for a month last August 14. The board also directed the suspension of its online booking application during the same period.
The transport network company tried to appeal for the lifting of the suspension through a motion for reconsideration, which was later dismissed by the board.
Instead, the LTFRB allowed Uber operators or transport network vehicle services to operate under other transport network companies, MYTAXI.PH Inc. or Grab and U-Hop.
The board also imposed a P190 million fine. It explained that the amount was based on the daily earnings of Uber, which the ride-sharing services said ranges from P7 million to P10 million through 150,000 trips a day and multiplied by the remaining 19 days it is supposed to be suspended.
LTFRB said Uber would shell out about half a billion pesos in allowances for drivers for its non-compliance with regulations. The amount also includes the P190 million fine.
Uber operates in Metro Manila, Cavite, Rizal and Cebu City.