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Uber to resume Philippine service 'soon' after fine
by Staff Writers
Manila (AFP) Aug 26, 2017


Uber said Saturday it expects to resume operations in the Philippines "soon" after regulators agreed to lift a ban slapped against the American ride-sharing giant in exchange for a fine.

The government meted Uber a one-month suspension on August 14 following a tussle over driver permits, sparking public outrage as some 66,000 vehicles were forced off the streets.

Hundreds of thousands of Manila commuters find Uber and its ride-sharing rivals welcome alternatives to the country's notoriously poor and overcrowded buses and trains, run-down taxis and irascible cab drivers.

But late Friday the government's transport agency said it would lift the ban following an Uber appeal. It ordered the US firm to pay a fine of 190 million pesos ($3.7 million) and give its drivers financial aid for lost earnings.

"The online ride-sharing services of the respondent USI (Uber) will be restored when it has paid the amount of fine and the said financial assistance remitted," a Land Transportation Franchising and Regulatory Board resolution said.

Uber said it would comply with the ruling, which also requires it to pay about $391,000 a day in financial assistance -- split between its Philippine drivers -- until the company restores its operations.

"We're working hard to meet the conditions for the lifting of the suspension and hope to resume operations as soon as possible," it said in a brief statement that did not give a timetable.

The Philippine transportation agency last year imposed a moratorium on the processing of new applications for ride-sharing services as it studied how to regulate a growing industry.

Officials said while southeast Asian rival Grab eventually followed the directive, Uber defied it, while other transport groups accused Uber of acting above the law.

Uber said this month it was accepting new applications for vehicles but was not processing them pending its discussions with regulators.

It also urged the government to simplify the accreditation process, with a representative telling a congressional enquiry: "We cannot impose 1900s regulations on today's technological innovations".

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Great Wall shares slide as Fiat Chrysler hopes dampened
Beijing (AFP) Aug 23, 2017
China's Great Wall Motor saw its share price slide Wednesday after saying it had "not engaged in negotiations" with Italian-American carmaker Fiat Chrysler to buy the Jeep brand. The Chinese manufacturer, known for its sport-utility vehicles, had signalled Monday its interest in Fiat Chrysler Automobiles (FCA), before moving to dampen speculation about a bid for Jeep. In an announcemen ... read more

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