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Taxi firms tweak rental deals in face of private hire disruption

Competition from Uber and Grab prompts operators to act to slow down exodus of cab drivers

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Trans-Cab taxis sitting idle at the operator's Ang Mo Kio Street 63 premises last Dec 28. The company cut its rental rates from S$90 to S$59.90 a day for cabbies running a single-driver operation.

Singapore

WELL over 1,000 cabs are sitting in the lots of Singapore taxi operators instead of plying the streets, thanks to stiff competition from private-hire businesses.

In the first 11 months of last year, 5.9 per cent of the 27,500 taxis run by the five taxi firms were

sentifi.com

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