Ano ba naman yan LTO

The auto industry is gravely affected by inconsistencies in government policies. Every time there’s a newly appointed department official or secretary, laws of the land change.

Rules and laws that affect the nation and its people must first be thoroughly studied, scientifically researched, examined and a consensus must be taken. It should not be based on uninformed judgement, opinion, perceptions.
One prime example is the Land Transportation Office or LTO.

There was a time when the issuance of car plates took much much longer than the alignment of Jupiter and Mars. Banks used that as an excuse to delay paying the dealers for the auto loans. They earned millions by unjustly withholding their payments for the vehicles using LTO’s inefficiency as a valid excuse.
When banks lend us money, we are charged interests by the day. But when banks owe us money, they use all efing excuse to delay payment. And they pay zero interest. Where’s justice here?
Dealers paid millions in additional financing costs due to LTO’s inefficient handling of the plates supply. Banks got windfalls– from money that belonged to dealers which they kept longer than they should.

Last week, LTO changed their rules and imposed a P100,000 penalty on the dealer per car that’s caught released without registration. Hey, we don’t earn 100,000 per car. Can you process the release of the registration in an hour? NO. Of course you don’t. Of course you can’t.
Why punish us? Why impose this rule when in fact you knew that you can’t process the release of the ORCR fast enough? Clearly, you didn’t study the effects, pros and cons, of this rule.

You don’t wake up one morning and just unilaterally change rules to the detriment of the auto industry and the people. Then change it again after a few days only to realize that your idea does not do the people any good.

We want stability, consistency, efficiency, competence in government.
There are millions of stakeholders here.