THE maximum surge pricing cap of Grab Philippines is back to twice the regular rate from 1.5 times, as the Land Transportation Franchising and Regulatory Board has accredited three new transport network companies (TNCs).
"This Board has issued a certificate of accreditation to a new transport network company, Hype Transport Systems Inc with [a] two-year accreditation period," the LTFRB said in an order released on Friday.
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