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The Department of Transportation (DOTr) has issued an order to stop the onboarding of new transport network vehicle service (TNVS) drivers and motorcycle taxi riders. This move aims to regulate the supply of drivers in the public transportation sector.
Thousands of transport network vehicle service (TNVS) drivers in the Philippines were reportedly unable to receive P5,000 cash aid from the Department of Social Welfare and Development (DSWD) because their companies excluded them from the list of beneficiaries.
The Land Transportation Franchising and Regulatory Board (LTFRB) in the Philippines released a list of Transport Network Vehicle Service (TNVS) drivers in Metro Manila qualified to receive cash assistance. The aid is scheduled for distribution on Tuesday, March 24.
Transportation Secretary Giovanni Lopez stated that transport network companies and current/former officials are liable for an inflated list of TNVS drivers in the Philippines.
The Middle East conflict continues to drive global economic concerns, with Europe bracing for a supply crunch and price shock, Euro zone consumers turning gloomier, and developing Asia and Pacific facing potential inflation hikes. European shares and global stocks and bonds have slid as the crisis pushes oil prices above $105, exacerbating a war-fuelled energy crisis felt across various sectors and regions.
Transport network vehicle service (TNVS) firms have reduced commissions for drivers in response to rising oil prices. Additionally, authorities are considering an amnesty program for TNVS drivers, potentially to address operational challenges.
The Department of Social Welfare and Development (DSWD) has warned the public about text scams falsely claiming to be part of the P5,000 cash aid rollout for public utility vehicle (PUV) drivers, while over 22,900 transport network vehicle service (TNVS) drivers have already received the financial assistance.