New regulations won’t halt decline in taxi population, say industry watchers
Add BT as a preferred source
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over S$1 million
