President Marcos has suspended Land Transportation Franchising and Regulatory Board Chairman Teofilo Guadiz III following allegations that huge sums have to be paid to process transactions in his office.
MANILA, Philippines — President Marcos has suspended Land Transportation Franchising and Regulatory Board Chairman Teofilo Guadiz III following allegations that huge sums have to be paid to process transactions in his office.
At a press conference, Jeffrey Gallos Tumbado, former head executive assistant of Guadiz, said that the corruption could reach Malacañang. “I was convinced as he presented evidence. I will support him until the end,” the transport group head said.“I have no knowledge about the allegations, but I am ready to face the charges. My conscience is clear,” he said.Meanwhile, Manibela will hold another strike starting Monday next week as the Dec. 31 deadline set by the LTFRB on the phaseout of traditional jeepneys looms.
Under LTFRB Memorandum Circular 2023-013, single operators who fail to meet the consolidation requirement by the deadline shall have their franchises or certificates of public convenience revoked.“The transport strike will continue. It is not only for one day. We will issue another media advisory on this,” Valbuena said.
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