4 months LTFRB sets formula for PUV fare adjustment MB
By Alexandria Dennise San Juan  The Land Transportation Franchising and Regulatory Board (LTFRB) has set the formula on fare adjustment for public utility vehicles (PUVs). LTFRB’s Memorandum Circular No. 2019-035, signed July 26, was issued to serve as a standard for regulators in adjusting fares for PUVs to promptly address fuel price changes. (MANILA BULLETIN) The MC, penned by board chairman Martin Delgra III, and members Ronaldo Corpus and Antonio Gardiona Jr., was released following Transportation Secretary Arthur Tugade’s directive last year to have a “pre-determined” fare matrix wherein clear cut guidelines will be given when fares should be increased ... more