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Senator calls for lower loan interest rate on modern public transport A SENATOR asked transportation authorities to reduce the interest rate on loans for public vehicles procured under the modernization program to 4% from 6% to lessen the burden on operators and drivers. In a statement on Wednesday, Senator Grace Poe-Llamanzares urged the Land Transportation Franchising and Regulatory Board and the LandBank of the Philippines to cut the interest as the sector was hit hard by the pandemic. “If we want to really help our public transport sector transition to PUV (public utility vehicle) modernization, all support must be extended to our operators and drivers who have been among the hardest hit by the pandemic,” Ms. Llamanzares, chair of the Senate committee on public services, said in a statement. Danilo C. Yumul, chairman of the Confederation of Drivers and Operators in Central Luzon, said during the Senate committee hearing on Tuesday that drivers and operators cannot borrow mon

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