The Land Transportation Franchising and Regulatory Board (LTFRB) is studying "doable" concessions for transport group PISTON, who are striking over the Public Utility Vehicle Modernization Program (PUVMP).
LTFRB spokesperson Celine Pialago stated that demands such as waiving penalties for failure to consolidate, extending franchise validity to five years, and easing Omnibus Franchising Guidelines provisions are being considered.
However, PISTON's request to completely drop the consolidation requirement and the PUV Modernization Program is non-negotiable, although the LTFRB is willing to simplify the process.
LTFRB Chairman Teofilo Guadiz III confirmed that the waiving of penalties, extended franchise validity, and easing of OFG provisions are doable.
Unconsolidated PUVs may still operate beyond the December 31 deadline if they file an intention to consolidate.
A meeting is expected between PISTON representatives and LTFRB Chair Teofilo Guadiz III to negotiate the demands.
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