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Two surrendered Bugatti Chirons not registered with LTMS

Published Feb 21, 2024 08:47 am

The two Bugatti Chirons, which were surrendered amid intensive operation of the Bureau of Customs, were not registered under the Land Transportation Management System (LTMS).

In a statement,   the Joint Venture of Dermalog, Holy Family Printing Corporation and Microgenesis Business Systems or Dermalog JV said the two sports cars would have not been registered in LTMS due to the system’s security features.

“Dermalog vowed that the company will continue to uphold its commitment to excellence by providing state-of-the-art biometric and identification systems worldwide,” the statement read.

The LTMS is the new online platform of the Land Transportation Office (LTO) in the agency’s efforts for full digitalization.

Based on the Dermalog data, around 28 million driver’s licenses were processed under the LTMS since it was used in the LTO, adding that this translates to 30,000 processing and issuances per day.

On motor vehicle registration, it said the LTMS is processing 70,000 to 80,000 per day since it was tapped to register new motor vehicles and in their registration renewal.

One of the security features of the LTMS, the Dermalog said, is its online validation system from information relayed by LTO stakeholders such as insurance companies, private motor vehicle inspection centers (PMVICs), and motor vehicle dealers.

"If the 28 million driver’s license were not issued in LTMS, P1.932 billion in computer fees would have been charged to the driving public," the statement read.

"On the other hand, for the 70,000 to 80,000 motor vehicle registrations a day in LTMS, the motoring public has also saved between P 3.123 billion to P 3.245 billion every year in computer fees," it added. 

 

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