The Land Transportation Franchising and Regulatory Board (LTFRB) in the Philippines announced that starting Jan. 15, the flagdown rate of taxicabs would be P40 from the previous P30. Lawyer Manuel Iway, LTFRB board member, said there would also be a new rate of P3.50 for the succeeding 300 meters. The present rate is P2.50. Iway said that under the LTFRB decision, only taxicabs that have metered receipts could avail of the fare hike.