LTFRB MEMORANDUM CIRCULAR NO. 90-012

: The circular authorizes all Regional Managers of the LTFRB to approve the fare rates for motorized tricycles (MCH) operating within their respective jurisdictions.
: Fare rates must be fair to the operators, considering the cost of equipment, spare parts, fuel, repairs, and maintenance, and reasonable to the riding public.
: They must conduct a public hearing with the participation of local government officials, consumer groups or the riding public, operators, and all affected parties before determining and approving fare rates.
: The stakeholders include local government officials, consumer groups or the riding public, motorized tricycle operators, and all other affected parties.
: The circular took effect immediately upon its adoption on April 27, 1990.
: It was signed and adopted by Remedios A. Salazar-Fernando (Chairman), Dante M. Lantin (Board Member), and Nicolas B. Acacio, Jr. (Assistant Secretary and Acting Board Member).
: It applies to all regions through the authority given to all Regional Managers within their respective jurisdictions.
: It aims to bring the services of the LTFRB closer to the people, especially in the countryside, by decentralizing fare rate approval and ensuring fares are appropriate locally.
: No specific penalties for non-compliance are mentioned in the text of the memorandum circular.
: It specifically addresses fare rate approval for motorized tricycle (MCH) services.