Uber can get back on road in Philippines — for a price
US$3.7 million fine is nearly 20 times what Uber offered
The Philippine transport regulator announced on Friday that the suspension of Uber services would be lifted if the ride-sharing firm paid a US$3.7 million fine, Reuters reports.
The fine is almost 20 times greater than the amount Uber had agreed to pay and the deal comes with additional stipulations. Uber would also have to retroactively pay drivers 20 million pesos per day of the suspension.
Uber has already lost some ground to its Southeast Asian rival Grab, which has seen a spike in demand during the suspension.