Will DOTC’s new strict fines destabilize the banking sector?

On Wednesday June 25, our columnist Marlen Ronquillo’s piece titled “DOTC about to destabilize banking sector, spread misery all around” attacked “the DOTC’s new stiff penalties on colorum operators and other franchise violations” of “a P1 million fine on vehicles caught operating without a franchise.”

He admitted that at first sight, the new fines against “those spoiled public utility operators [who] have long gotten away with murder” look great because “ it is about time that they get their due.”