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News and Events

Transport Co-Ops Score 21% Jump in Price of Modern Jeepneys, Warn It Could Lead to Higher Passenger Fares

Groups asking government to increase subsidies to protect welfare of riding public

Transport cooperatives that are part of the government’s public utility vehicle (PUV) modernization program are protesting the hefty increase in prices of modernized jeepneys since the scheme was rolled out. They warned that unless the price hikes are curbed, they may be ...

by Pauline Macaraeg  | October 23, 2018 09:00:00
News and Events

Manila Taxis May Soon Charge Higher Fares That Match Ride-Hailing Apps' Tariffs. Will Better Service Follow Suit?

LTFRB starts re-calibrating meters of taxis in Metro Manila to reflect fare hikes approved in 2017

After a delay lasting all of seven months, the Land Transportation Franchising and Regulatory Board (LTFRB) finally started re-calibrating meters of taxicabs operating in Metro Manila on July 31 to reflect higher fares approved way back in November 2017.  The process was ...

by Elyssa Christine Lopez  | August 03, 2018 06:00:00
Business Ideas

Global Tech for Local Needs: The Story Behind Davao’s Hirna Taxi-Hailing Startup

Hirna won LTFRB accreditation by adapting proven technology and collaborating with authorities

The Hirna co-founders decided to work with taxis rather than private cars because they did not want to encourage potential partners to buy new cars and increase road congestion in Davao CityHirna Mobility Solutions is one of the first new transport network ...

by Chiara U. Mesiona  | May 11, 2018 09:00:00
News and Events

Duterte's Jeepney Modernization Scheme Gets Financing Boost From Henry Sy's BDO Unibank

BDO Leasing and Finance Inc. to lend money to help fleet management firm buy modern PUVs

BDO Leasing and Finance Inc. (BDOLF), a subsidiary of the country’s biggest bank BDO Unibank Inc., became the first financial institution from the private sector authorized to finance modern jeepneys under the public utility vehicle (PUV) modernization program, a flagship initiative of ...

by Pauline Macaraeg  | April 27, 2018 12:00:00
News and Events

Bigger, Cleaner, Safer: How PH's Future Jeepneys Would Look Like

DOTr showcases prototypes of some modern public utility vehicles at a day-long exhibit

The Department of Transportation (DOTr) unveiled the biggest number of vehicle prototypes to be used for the Public Utility Vehicle Modernization Program (PUVMP) at an exhibit held in Pasay City on Tuesday, April 3.The expo, titled Public Transport Modernization Expo: Modernong Sasakyan, ...

by Elyssa Christine Lopez  | April 03, 2018 07:00:00
News and Events

Whatever Happened to the LTFRB’s Plan to Push Taxis to Modernize as Condition for Fare Hikes?

Order requiring cabs to install hailing apps, GPS, dashboard camera and even free Wi-Fi has yet to be implemented

When the Land Transportation Franchising and Regulatory Board (LTFRB) approved petitions filed by various local taxi operators for a fare hike in October 2017, the agency also turned the occasion as an opportunity to push cab operators to modernize and upgrade their ...

by Elyssa Christine Lopez  | March 19, 2018 09:00:00
News and Events

Japan’s Hino Motors Tries Hand at Building Modern Version of Pinoy Jeepney

PH’s No. 2 truck seller enjoys faster sales as demand shifts from second-hand to brand new vehicles

The demand for brand new trucks and buses instead of second-hand vehicles has helped spur growth in sales of commercial vehicles of Hino Motors Philippines Corp. (HMP), the exclusive distributor of Japan’s No. 1 brand of trucks and buses in the country.“We ...

by Pauline Macaraeg  | October 14, 2017 10:00:00
News and Events

A 7-Year Vehicle Loan For Only 6% p.a.? DBP Launches Subsidized Lending Scheme for PUV Coops and Companies

Borrowers can avail of Php1.7-Php2.1 million loan per vehicle to buy new jeepney, minibus or UV express unit

Registered transport cooperatives and corporations can avail of a loan from Development Bank of the Philippines (DBP) to purchase brand new public utility vehicles (PUVs) to help them comply with tougher standards under the government’s PUV Modernization Program.Last September 11, the Department ...

by Cherrie Regalado  | September 13, 2017 11:00:00
News and Events

Endika Aboitiz's $500M Pitch for E-Jeepneys Aims to Turn Drivers into Middle Class "Overnight"

The catch is that the cost will be borne by the government and taxpayers

When Enrique “Endika” Aboitiz, a member of the wealthy Aboitiz family, unveiled last July 20 a prototype for electric-powered jeepneys that his e-vehicle startup developed, he also put forward a grand bargain with the government. The Aboitizes are the country’s third richest ...

by Pauline Macaraeg and Glen Concio  | July 27, 2017 10:00:00
News and Events

Prototype for Electric-Powered 'Green Jeepney' Unveiled

Endika Aboitiz-led QEV joint venture aims to support the government’s PUV modernization program

A prototype of the future of Philippine jeepneys was unveiled Thursday, July 20, at the Shangri-La at The Fort in Bonifacio Global City.QEV Philippines Electromobility Solutions and Consulting Group Inc., a joint venture between Philippine businessman Endika Aboitiz and Spanish investor Enrique ...

by Glen Concio and Pauline Macaraeg  | July 20, 2017 07:00:00
News and Events

Japanese Truck Maker to Build Modern Version of the Jeepney

The quintessential Pinoy ride gets an upgrade in time for the PUV modernization program

Eleven heavy, medium and light-duty trucks are on display at the Isuzu Philippines Corp. (IPC)'s Truck Fest at the SMX Convention Center in Pasay City. That’s expected in a truck show, which runs from April 20 to 23, 2017. But amid all ...

by Pauline Macaraeg  | April 21, 2017 12:00:00