Embracing LTFRB’s Expansion of TNVS Industry: A Catalyst for Economic Growth and Women’s Empowerment in Grab Philippines’ Transportation Sector

By motoph admin on April 2, 2024

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In a significant move towards fostering a more inclusive, dynamic, and robust transportation sector in the Philippines, Grab Philippines applauds the recent announcement by the Land Transportation Franchising and Regulatory Board (LTFRB) to introduce 10,000 new Transport Network Vehicle Service (TNVS) slots.

As a leading superapp and a vital contributor to the Philippine economy, Grab has been at the forefront of reshaping urban mobility, not only as a service provider but also as a key economic catalyst and innovator. The decision by LTFRB resonates with Grab’s commitment to expanding economic opportunities, enhancing public convenience, and promoting sustainable urban development.

The introduction of these new TNVS slots underscores the sector’s immense potential as a driver of economic growth. This expansion signifies a strategic blend of technology and mobility to stimulate broader economic activities, foster job creation, and encourage innovation within the Philippine economy. Esteemed industry experts, including Dr. Thomas G. Aquino, a transport economics specialist and Senior Fellow at the University of Asia & the Pacific – Center for Research and Communications, affirm this viewpoint, emphasizing the positive contributions of growth-inducing digital platforms like ride-hailing to various sectors and households.

As new players and additional driver-partners enter the ride-hailing industry, Grab Philippines is paving the way for a more competitive and customer-centric market, benefiting commuters, drivers, and the overall economy.

Moreover, Grab recognizes the indispensable role women play in society and the economy. The influx of new TNVS slots presents a golden opportunity to support more women in joining the ride-hailing workforce, especially those seeking flexible working arrangements. In alignment with its commitment to fostering inclusive livelihood opportunities, Grab Philippines implements a robust Women Program aimed at increasing the number of female drivers in its fleet.

Ride-hailing serves as an ideal platform for women who juggle professional aspirations with family responsibilities, offering them a viable avenue for economic participation and empowerment. Grab is steadfast in supporting women drivers through tailored programs, training initiatives, and community-building efforts, ensuring they receive the necessary resources and support to excel in this dynamic industry. With a goal to double the number of its current women driver fleet by the end of 2024, Grab underscores its dedication to providing inclusive access to equitable livelihood opportunities for women.

In reaffirming its commitment to the Filipino community, Grab Philippines remains resolute in its mission to serve the people. Beyond transportation, Grab aims to create an integrated ecosystem that supports various aspects of Filipino life—from mobility and food delivery to financial services. By fostering a more inclusive and resilient TNVS industry, Grab is not only enhancing urban mobility but also contributing to a more connected and economically vibrant Philippines.

As Grab Philippines embarks on this new chapter, it eagerly anticipates collaborating with LTFRB, drivers, and the community to unlock the full potential of the TNVS sector. Leveraging technology and innovation, Grab is dedicated to providing safe, reliable, and convenient transportation options while propelling the country’s economic growth and championing gender inclusivity in the workforce.