Rough ride
THIS WEEK'S TOPIC: How should the bicycle-sharing business be regulated?
THIS WEEK'S TOPIC: How should the bicycle-sharing business be regulated?
Jeremy Tan Director CMS Holborn Asia
THE key to regulating disruptive technology is to strike the right balance between encouraging innovation and minimising negative externalities. With bike-sharing, this means finding a middle ground between the convenience of a large bicycle fleet and the use of public spaces in land-scarce Singapore. Licence fees and fines alone can only go so far to address the problems of rogue parking and disincentivise operators trying to achieve scale and profitability. Public awareness campaigns that indirectly influence the parking behaviour of users should also be considered as a complementary measure. Move-in Martin? #BikeRightBryan.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Aims Apac Reit posts 10.2% lower H2 DPU on enlarged unit base
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients