Drivers of Grab and Uber will be slapped with a P120,000 fine and their vehicles will be impounded for at least three months if found operating without a certificate of public convenience, the Land Transportation Franchising and Regulatory Board warned.
The imposition of fines will start on July 26.
The two transport networks were also fined P5 million each last week for allowing drivers to operate without a franchise.
LTFRB Spokesperson Aileen Lizada clarified that drivers with the expired franchise but applied for renewal will be allowed to operate.
Grab Philippines meanwhile announced that it will no longer activate new drivers starting July 17 in compliance with the regulations of the LTFRB.