By Alexandria Dennise San Juan
Another transport network company has been accredited by the Land Transportation Franchising and Regulatory Board to enter and compete with other players in the local ride-sharing industry.
The LTFRB on Wednesday has given the go signal to ride-sharing company HirNa to operate as a transport network company in the country.
HirNa’s Certificate of Accreditation was released on Wednesday night, hours after the Board approved the new TNC Hype.
Based on the certificate issued to HirNa Mobility Solutions signed Wednesday, the company can operate as a TNC for two years.
Different from Hype which is similar with Grab, HirNa is an app used for hailing taxis.
LTFRB approved the accreditation of the two new TNCs days after Uber exited the country when its operations in Southeast Asia has been acquired by Grab.
The deal between the two ride-sharing giants raises concerns for higher fares being imposed, creating a fear of monopoly.
Senator Sherwin Gatchalian earlier urged the LTFRB to fast-track the approval of the entry of new players now that Uber is no longer in service and Grab has the monopoly of the transport network vehicle service (TNVS) sector.
LTFRB Chairman Atty. Martin Delgra III told reporters that other companies seeking for accreditation to be a TNC have yet to comply with the requirements.
Other TNCs pending for approval of accreditation are Go Lag, Owto, and taxi-hailing app MiCab.
Delgra added that he also wanted to fast-track the approval of these new ride-sharing market players to give more options to the riding public.
Meanwhile, during a press briefing in Quezon City Wednesday, Grab Philippines Country Head Brian Cu said that they welcome competition and denied that they have monopoly of the ride-sharing industry.