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LTFRB to talk with gov’t banks on operators’ loan terms for new jeeps

MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) will sit down with government financing institutions (GFIs) to assist operators of modernized jeepney fleets who are struggling to meet their loan obligations under the government’s Public Transport Modernization Program (PTMP). In a statement on Monday, LTFRB chair Teofilo Guadiz III said there is

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