MANILA -- The Land Transportation Franchising and Regulatory Board (LTFRB) has issued a show cause order to new ride-sharing firm Hype Transport Systems Inc. for reportedly imposing a PHP2-per-minute travel charge.
The Board said that Hype should explain, within five days from receipt of the order, why its certificate of accreditation as a transportation network company (TNC) should not be revoked or suspended for charging the per minute rate without its authorization.
“Acting on a report forwarded by a concerned citizen to the Board, respondent Hype Transport Systems Incorporated is hereby ordered to show cause in writing, why its Certificate of Accreditation as a transportation network company (TNC) should not be suspended or canceled," the LTFRB said in its order dated July 13 which was released to the media Wednesday.
Hype should be charging a base fare of PHP40 and an additional charge of PHP14 per kilometer with no per minute rate, according to the Board.
The ride-hailing firm is being asked to appear at a hearing scheduled at 9 a.m. on July 24.
The LTFRB has approved the accreditation of Hype as a new TNC last April, allowing it to operate for two years following the shutdown of the operations of Uber in the country, following Grab's acquisition of its ride-hailing services in Southeast Asia. (PNA)
