The pilot allows up to four different companies to provide service with a maximum of 500 cars each, and the permits provide access to all of the residential parking zones across the city, except those that have already reached 95% subscription.
The Land Transportation Franchising and Regulatory Board accredited five taxi-hailing and ridesharing companies following Uber's exit from the country.
Revenue collected through the ordinance would be allocated for industry, trade, commerce, tourism, and capital projects.
The revenue would go to fund police training throughout the state.
With attendees hailing from far away locations such as New Zealand, Israel, Macedonia, Finland, and Sri Lanka, the 23rd annual ICRS provided industry players with the chance to learn, educate, and share ideas about the future of the rental world.