Post by The Dark Knight on Mar 20, 2024 7:18:17 GMT
New regulations won’t halt decline in taxi population, say industry watchers
RECENTLY announced changes to requirements for taxis will reduce costs for operators, but will not reverse the trend of a dwindling taxi population, said industry watchers.
Ride-hailing platforms will continue to be dominant, even though taxis will always have a role to play for certain groups of commuters, they added.
New regulations for the point-to-point (P2P) transport sector, which includes taxis and private-hire cars (PHCs), were announced at the debate on the Ministry of Transport’s budget on Mar 5.
www.businesstimes.com.sg/companies-markets/transport-logistics/new-regulations-won-t-halt-decline-taxi-population-say-industry-watchers
RECENTLY announced changes to requirements for taxis will reduce costs for operators, but will not reverse the trend of a dwindling taxi population, said industry watchers.
Ride-hailing platforms will continue to be dominant, even though taxis will always have a role to play for certain groups of commuters, they added.
New regulations for the point-to-point (P2P) transport sector, which includes taxis and private-hire cars (PHCs), were announced at the debate on the Ministry of Transport’s budget on Mar 5.
www.businesstimes.com.sg/companies-markets/transport-logistics/new-regulations-won-t-halt-decline-taxi-population-say-industry-watchers