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BREAKING NEWS: Uber paid Php 190 Million penalty to lift suspension


Tuesday - August 29, Uber paid the Php 190,000,000.00 penalty served by LTFRB to lift the suspension.




Land Transportation Franchising and Regulatory Board (LTFRB) ordered Uber last August 14 to suspend operations due to not following orders allegedly defying a moratorium on accepting new drivers. 

The he P190 million fine was based on the remaining 19 days of the suspension order multiplied by Uber's average daily income of P10 million.

Source: ABS-CBN