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
Canada’s fight with the US has far bigger stakes than trade
Can Bali swop beach capital for global capital without the skyscrapers?
Stripe’s Apac business should grow faster than any other region, says its chief revenue officer
What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief
