Economy

Ex-LTO chief appointed LTFRB chairman 

PRESIDENT Ferdinand R. Marcos, Jr. has appointed Teofilo E. Guadiz  III as chairman of the Land Transportation Franchising and Regulatory Board (LTFRB).  

“Pursuant to the provisions of existing laws, you (Mr. Guadiz) are appointed chairman of the Land Transportation Franchising and Regulatory Board,” according to an appointment letter dated Dec. 9 and sent to reporters on Wednesday.  

He took his oath before Executive Secretary Lucas P. Bersamin on Wednesday afternoon, according to photos of the ceremony sent to reporters on Viber.  

The newly appointed LTFRB chief previously served as Department of Transportation assistant secretary and head of the Land Transportation Office (LTO).   

The LTFRB is an attached agency of the Transport department.   

Jose Arturo M. Tugade, son of ex-Transport secretary Arthur P. Tugade, replaced Mr. Guadiz as head of the LTO last month.  

Mr. Guadiz was also a director at the former Department of Transportation and Communications. — John Victor D. Ordoñez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top