TNVS CommUNITY, the broadest alliance of transport networking vehicle service (TNVS), said the easing of franchising requirements will create more jobs for Filipinos.
This sums up the sentiments of the TNVS) groups in the country, who over the weekend praised the Land Transportation Franchising and Regulatory Board (LTFRB) for streamlining the process in obtaining a vehicle franchise or Certificate of Public Convenience (CPC).
In a Facebook post, TNVS CommUNITY representative and TNVS Alliance PH Chairperson Aylene Paguio thanked LTFRB Chairman Teofilo Guadiz III and members of the LTFRB Board “for heeding to our call to ease the process of applying for a new Certificate of Public Convenience (CPC) for encumbered units."
The LTFRB has announced that it would no longer require a Certificate of Conformity (COC) in order to secure a vehicle franchise—a requirement which the regulatory body determined as a “frequent cause of delay or dismissal of applications” based on a board resolution it issued on March 3.
A COC is issued by a bank or financial institution, and was required by the LTFRB in CPC applications in cases wherein the vehicle is not yet fully paid.
The TNVS CommUNITY is composed of several of the largest TNVS organizations in the country, such as TNVS Alliance PH, Transport Vehicle Representatives, TNVS Community Council Leaders, TNVS Individual 1 Alliance, Unity of Leaders for TNVS Community, the Philippine Metropolitan Transport Group, and the TNVS News Community.
“With this favorable development, our dream of reliably serving the riding public and generating more jobs for the Filipinos with ease is a step closer to turning into reality,” Paguio said.
In LTFRB Board Resolution No. 05 Series of 2023, the regulatory body said that dropping the COC from the application process was part of its “commitment” to comply with the objectives of Republic Act 11032, or the Ease of Doing Business and Efficient Government Delivery Service Act of 2018, which was put in place to curb red tape, streamline bureaucratic requirements and procedures, and expedite business and non-business transaction in government.
According to Guadiz, “removing the COC requirement in vehicle franchise application will help ease the burden among the transacting public and give them more convenience in securing that much-needed vehicle franchise.”