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Uber pays its P190 million fine to LTFRB




Just this afternoon, Uber paid its P190 million penalty to LTFRB (Land Transportation Franchising and Regulatory Board). The account was settled by Uber representatives through a check payment.

Image via ABS-CBN News (@DorisBigornia)

The LTFRB previously said that the Uber can only resume operations until its P190 million fine is settled. They also ordered Uber to pay an additional P19.9 million daily to its partner-drivers. The LTFRB explained that the 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 News

 



Alyza is a Multimedia Producer for YugaTech. You can follow her at @tadboring.

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3 Responses

  1. zgkent says:

    I just hope they put this money to good use. They can use that to scrap the current officials and get a new one, just a suggestion though. :)

  2. Jsbjd says:

    May kukurakutin na naman ang GOVERNMENT…. hay…

  3. Ronald says:

    Saan na naman kaya mapupunta yan! Sana magamit nila ng tama yan at hindi ibubulsa ng kung sino-sino pag gumagawa sila ng mga over priced projects!

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