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
Source: The 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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