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
Singapore developer in limbo after Timor-Leste scraps major township project
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS to remove mandatory financial advice for complex products for most retail investors
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
