LTFRB defers TNVS surge pricing cap

MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) moved the implementation of the surge pricing limit for transport network vehicle services (TNVS) to Dec. 20 to give transport network companies (TNCs) more time to prepare for the fare adjustment. The restriction was initially set for Dec. 17, but LTFRB Chair Vigor Mendoza