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TOPLINE/BT EXCLUSIVE

It's not end of the road for taxi business: Trans-cab boss

CEO believes industry will not disappear despite threat from ride-hailing startups as the govt supports development of the sector.

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Trans-cab Holdings executive chairman Teo Kiang Ang says the traditional taxi business may seem old economy and unsexy when set against upstarts Grab and Gojek, but it is a resilient business.

HIS first mode of transportation was the humble bicycle, which he upgraded to a motorbike when he started working.

Today, Teo Kiang Ang, 69, a secondary school dropout, is surrounded by cars. As the executive chairman and chief executive officer of Trans-cab Holdings, he owns Singapore's...