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LTFRB’s recipe for a zombie

Thursday, June 28, 2012

LTFRB’s recipe for a zombie

Finally, a recipe for resurrecting the dead has been perfected. And it had been done by no less than a government agency of the Philippines, the Land Transportation Franchising and Regulatory Board (LTFR).

Surprisingly, the formula it concocted was so simple but had eluded everyone. All it had to do was to exhume a 20-year old dead franchise, have it awarded to a union and find a willing buyer. And there, you have a zombie bus company!

No wonder Eastern Samar Rep. Ben Evardone calls it the LTFRB’s own palusot.

 Evardone said the LTBRB’s decision to allow the sale of the expired Certificates of Public Convenience of the Pantranco North Express Inc. defies logic as the agency had for 20 years denied any application to have it extended, rendering the CPCs worthless piece of papers..... MORE

SourceThe Daily Tribune

URL: http://www.tribune.net.ph/index.php/commentary/item/805-ltfrb%E2%80%99s-recipe-for-a-zombie

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