LTO-X hikes revenue collection by 17.46%
by Rutchie Cabahug-Aguhob
Cagayan de Oro City (4 February) -- A total revenue of Php359.17 million was collected by the Land Transportation Office (LTO), region 10, last year, higher by17.46 percent (%) over that of Php305.79 million in 2008.
Regional Director Porcawa B. Dia of LTO-X said their office has handled a total of 234,007 registration cases in 2009 or 8.54 percent (%) higher compared to 215,588 cases in the previous year.
He also said a total of 179,551 motor vehicles (MV) were registered in the region, in 2009, up by 6.75 percent (%) compared to 168,197 MV's in 2008.
Registration of "new" privately-owned MV's also increased by 4.67 percent (%), from 29,168 to 30,531 MV's while renewals also increased by 7.91 percent (%), from 116,911 to 126,153 MV's.
Likewise, the LTO-X data show that registration of new "For Hire" MV's increased by 2.89 percent (%), from 485 to 499 MV's while renewals of the same type of MV's posted an increase of 4.82 percent (%), from 18,094 to 18,967 MV's.
However, registration of new government-owned MV's showed a decline or a negative 16.81 percent (%), from 232 to 193 MV's and renewals, a negative 3.03 percent (%), from 3,301 o 3,201 MV's.
Again, LTO-X has renewed the registration of three (3) diplomatic MV's and four (4) tax exempt MV's last year.
Meanwhile, Edith Roa, Regional Information Officer of LTO-X, said their office has handled a total of 17,761 cases of apprehension or a decrease of 6.69 percent (%) compared to 19,034 cases in 2008.
"This only means that Northern Mindanao residents have continued to be more law-abiding in terms of traffic safety rules and regulations," Roa said. (PIA 10) [top]