Taxi firms tweak rental deals in face of private hire disruption

Singapore

WELL over 1,000 cabs are sitting in the lots of Singapore taxi operators instead of plying the streets, thanks to stiff competition from private-hire businesses.

In the first 11 months of last year, 5.9 per cent of the 27,500 taxis run by the five taxi firms were unhired, up from 4.2 per cent in 2015. A recent online video had footage of the lots at Trans-Cab's Ang Mo Kio office, filled with scores of its red taxis sitting idle.