When private-hire vehicles operate like taxis, they should not bid for passenger car COEs
Add BT as a preferred source
PRIVATE-hire vehicles (PHVs) have eclipsed taxis as Singapore’s leading type of point-to-point commercial transport. It is time their owners are excluded from the bidding pool for Certificates of Entitlement (COEs).
When they first arrived in Singapore, PHV platforms were a way for vehicle owners to generate income on the side – a real estate agent offering a ride between viewings, a musician with an afternoon to kill before a night-time gig, a salesperson with a slow day.
Most Singapore residents still relied on taxis for point-to-point coverage, as there were not enough PHV drivers to fulfil everyone’s needs.
TRENDING NOW
Firm loses wrongful dismissal case despite following termination clause
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation
Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ
