MANILA, Philippines - The Land Transportation and Franchising Regulatory Board (LTFRB) on Thursday clarified that the P23-million fine imposed by the Philippine Competition Commission (PCC) on ride-hailing firm Grab has "nothing to do" with the board's fare structure. The LTFRB said it met with PCC officials to discuss the imposed fine. The PCC earlier imposed a P23.45 million-fine against Grab "for breaching its pricing commitments." "To put it in proper context, the fine issued by PCC in its Decision recently rendered pertains to the failure of Grab to fulfill its commitment to PCC as embodied in Grab's Undertaking which it voluntari...
Keep on reading: ‘PCC’s P23-M fine vs Grab not linked to LTFRB fare structure’
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