Turning point for the taxi industry?
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Tay Peck Gek
IT HAS been a bumpy road for taxi operators in Singapore, especially over the last decade as the rise of private-hire vehicles disrupted the industry.
Recent developments, however, may see the lines blur between taxis and private-hire cars – as well as offer a lifeline to the flagging taxi industry.
In September, the Land Transport Authority (LTA) announced it would undertake a review of the point-to-point (P2P) industry structure and regulatory framework. This is to ensure the continued relevance of taxis and private-hire cars as commuter needs and the industry structure evolve.
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