Ride-hail drivers may remain in short supply even as Singapore’s demand keeps rising
Being a ride-hail driver has grown less attractive as earnings stagnate while costs rise
[SINGAPORE] The shortage of ride-hail drivers in Singapore may continue this year, as their takings stall while rental and fuel costs rise.
This is even as ride-hailing demand keeps increasing, fuelled by a positive economic outlook and more tourism.
Ride-hailing platform operators Grab, Gojek, Tada, as well as the taxi and private-hire car subsidiary of transport group ComfortDelGro told The Business Times that they expect the sector to grow in 2025.
TRENDING NOW
Simba admits exceeding spectrum limits amid failed M1 deal; parent company Tuas’ full-year profit surges 277%
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
What’s on the agenda when Xi and Trump meet in Washington
Ex-execs of CW Group, Allied Tech charged with offences linked to lawyer’s S$76 million misappropriation