Philippines says will lift one-month Uber suspension if $3.7m fine paid

Philippines says will lift one-month Uber suspension if $3.7m fine paid

Driver operators stand outside the Uber main office in Mandaluyong city, metro Manila, Philippines August 15, 2017. REUTERS/Dondi Tawatao

The Philippine transport regulator said on Friday it would lift a one-month suspension on Uber Technologies Inc if it paid a penalty of 190 million pesos ($3.7 million), a fine nearly 20 times greater than Uber had offered to pay.

The Land Transportation Franchising and Regulatory Board, or LTFRB, said Uber also needed to collectively pay its drivers nearly 20 million pesos daily as financial assistance during the suspension period.

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