A transport network vehicle service (TNVS) on Friday announced that it would be filing a petition against competitor Grab Philippines before the Land Transportation Franchising and Regulatory Board (LTFRB) not to renew its certificate of accreditation for alleged “unfair” business practices.
In a press briefing, Hype, through its legal counsel John Coluso, cited the high booking charges to passengers during peak hours, imposing a P2 travel charge, and allegedly fooling their partner drivers.
“A transport network company must comply with the laws, as well as rules and regulations promulgated by the appropriate government agencies, such as the LTFRB and the DOTr (Department of Transportation),” Coluso said.
“It is our belief that Grab has failed to comply with the laws, as well as rules and regulations, for which we believe that its certificate of accreditation should not be renewed.”
However, Hype denied that it was “hoping and praying” that it would be replace Grab.
“All we are asking for is a fair business environment, that each and every TNC will be allowed to grow and prosper, with the end purpose of better serving the commuting public,” Coluso said.
Hype, which started its operations on April 18, had been asked by LTFRB to explain allegations of overcharging. ARIC JOHN SY CUA
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