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New regulations won’t halt decline in taxi population, say industry watchers

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Derryn Wong

Derryn Wong

Published Wed, Mar 20, 2024 · 05:00 AM
    • Industry watchers say that forthcoming regulatory changes will reduce operating costs for taxis, but will not give them a significant advantage.
    • Industry watchers say that forthcoming regulatory changes will reduce operating costs for taxis, but will not give them a significant advantage. PHOTO: BT FILE

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    RECENTLY announced changes to requirements for taxis will reduce costs for operators, but will not reverse the trend of a dwindling taxi population, said industry watchers.

    Ride-hailing platforms will continue to be dominant, even though taxis will always have a role to play for certain groups of commuters, they added.

    New regulations for the point-to-point (P2P) transport sector, which includes taxis and private-hire cars (PHCs), were announced at the debate on the Ministry of Transport’s budget on Mar 5.

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