The Land Transportation Franchising and Regulatory Board (LTFRB) on Saturday announced that it has dropped the certificate of conformity (COC) as a requirement in securing a vehicle franchise or certificate of public convenience (CPC).
Citing its Board Resolution No. 05 Series of 2023, the LTFRB said the decision to remove the COC -- which is issued by a bank or financial institution -- is part of the agency's commitment to comply with the tenets of Republic Act 11032 or Ease of Doing Business and Efficient Government Delivery Service Act of 2018.
In the resolution, the agency said that after careful evaluation, it deemed that requiring a COC was seen as a "frequent cause of delay or dismissal of applications." The COC was part of the requirements in securing a vehicle franchise as stated in the 2020 Citizen's Charter for Application for a new CPC, especially if the vehicle is "encumbered" or has outstanding financial obligations.
"In the spirit of RA 11032, which was enacted to help simplify and streamline requirements to reduce red tape in business transactions in government, we hope that removing the COC requirement in a vehicle franchise application will help ease the burden among the transacting public and give them more convenience in securing that much-needed vehicle franchise," said LTFRB Chairman Teofilo Guadiz III.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
LTFRB invites transport group to dialogue after request for new deadlineLand Transportation Franchising and Regulatory Board (LTFRB) chairman Teofilo Guadiz III on Thursday indicated the LTFRB&39;s openness to a dialogue after a transport group asked for an extension of the deadline for PUV operators to consolidate into cooperatives or corporations.
Baca lebih lajut »
LTFRB ‘ready’ to fill gaps as week-long transport strike nearsMANILA, Philippines — As the week-long transport strike nears, the Land Transportation and Franchising Regulatory Board (LTFRB) on Thursday said it is ready to fill the gaps that will be left to
Baca lebih lajut »
DOTr asks LTFRB to relax the requirements in PUV modernization"We are willing to bend backward, suggesting to the board of LTFRB to relax the requirements to enable drivers to adapt to the program," Transportation Secretary Bautista said. "We even offered to dialogue with drivers associations displeased with the PUVMP to explore how they can be accommodated into the program," he shared.
Baca lebih lajut »
Break up transport mafia, senator urgesSenate Majority Leader Joel Villanueva urged the government to break up the “mafia” within the LTFRB amid the government modernization program. | JMAurelioINQ MRamosINQ NCorralesINQ /PDI
Baca lebih lajut »
SOMEONE ELSE’S WINDOWS: Vague ‘lessons’ from a distant landMALAYBALAY CITY (MindaNews / 02 March) — In a commentary published on February 28 by MindaNews, Paul Mart Jeyand J. Matangcas, who describes himself as a freelance journalist, presents a critique o…
Baca lebih lajut »
Review: 2023 Land Rover Discovery P300 | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Baca lebih lajut »