Uber to give financial aid to its drivers

Uber to give financial aid to its drivers

"The decision of the board is based on the urgency of the matter, for public service, particularly the riding public, for their convenience and benefit, as well as the TNVS [drivers] who are displaced because of Uber's irregular conduct", Lizada said.

The P10-million fine would be in lieu of serving the one-month suspension ordered by the Land Transportation Franchising and Regulatory Board (LTFRB) on August 14.

To be accommodated by Grab and u-Hop, Uber drivers must present their accreditation from the transport network company (TNC) and proof of insurance coverage as TNVS.

The assistance will be deposited to the drivers' bank accounts just as how they earned when they picked up rides.

Ejercito made this statement on the sidelines of the closed-door meeting between representatives of the LTFRB and Uber in the Senate led by Senator Grace Poe, chair of the Senate Committee on Public Services.

Uber on Tuesday initially defied the suspension order after lodging an appeal with the transportation agency.

Aquino also said that it was brought up in the meeting that Uber should compensate drivers for the days that they will not be able to use their vehicles.

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Those Candidates, whose nomination papers have been rejected, can appeal till August 21, and withdraw their papers by August 25. The nomination papers of Hafiz Nauman, who is covering candidate of Kulsoom Nawaz, have also been approved by the ECP.

"We're here to respect the regulator and in this case, if there was a misunderstanding, then I apologize".

"This is not a fight", he told Brown. "We're trying to work together here to address public transport issues", he said.

Uber said it did accept new applications for drivers amid strong demand, but did not process them. Uber also submitted a sealed container with the list of the TNVs and the proposed financial aid to its driver partners.

Arcade City is also the world's first and only ridesharing company providing reliable transportation to a major city without any operating expenses in the region.

The board said Arcade City is another form of a transportation network company and can not operate because it has not coordinated with the board.

The LTFRB said it would coordinate with the Department of Information and Communication (DICT) to request assistance for the shutdown of the system of Arcade City.

Ridershare company, Arcade City is recruiting and activating drivers from across the Philippines to provide a service in the gap left by Uber's withdrawal.

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