COEs for smaller cars plunged to its lowest level in almost seven years after yesterday's (Sept 6) tender as a new emission standard kicked in and bidding from private-hire firms dried up.
Grab offers a rental discount of more than 40 percent to cabbies willing to defect to any of the other taxi companies – all of whom use the Grab hailing platform.
A total of 27 private-hire car drivers have been caught flouting new regulations governing the ride-hailing and chauffeur industry, within a month of the laws taking effect.
The shift to a new bus contracting model since September 2016 has led to more reliable and less crowded bus services, the Land Transport Authority (LTA) said in a statement on Monday (Sep 4).
The new hub, which incorporates a new bus interchange as well as the existing Bukit Panjang LRT and MRT stations, opened on Sept 4 after a two-year delay.
The taxi giant cannot afford to continue behaving like it is the only game in town. The competition is now for real, and it is only going to get worse.