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Friday , May 25, 2018

LTFRB reports higher collection

THE Land Transportation Franchising and Regulatory Board (LTFRB) 11 noted an increase in its total revenue collections in 2017 compared to its collections in 2016.

Records of LTFRB 11 showed that the agency was able to collect a total of P32.142 million in 2017, almost 20 percent higher than the P26.95 million generated in 2016.

LTFRB 11 regional director lawyer Teresita P. dela Peña-Yñiguez told Sun.Star Davao that the actual collection last year exceeded their target income of P28.144 million.

"So far, since I assumed this post, our collection never decreases from its annual target. This only shows that we really take our job, our respective tasks here, seriously," Yñiguez said.

Despite the lack of personnel, Yñiguez said, the LTFRB-Davao is serious in implementing its mandate to promulgate, administer, enforce, and monitor compliance of policies, laws, and regulations of public land transportation services.

Yñiguez said the revenues generated from all sources of income such as filing fees and supervision fee, miscellaneous fees, and fines and penalties—which got the highest revenue. (ICT)


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