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Costlier Grab rides? Expect this trend to continue

New legislation provides CPF safety net for drivers, but it’s the passengers who may have to bear the extra cost.

Ride-hailing platforms like Grab differ fundamentally from traditional taxi companies.

PHOTO: LIANHE ZAOBAO FILE

Jianggan Li

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I recently joined the popular local podcast The Daily Ketchup as a guest to discuss, among other things, the issue of costs of platform services many of us use on a daily basis: ride hailing and food delivery.

In 2025,

getting a ride in Singapore will be more expensive

. Grab, Gojek, Tada and CDG Zig had announced that they would be increasing their prices from Jan 1, 2025. One key driver of this shift is

Singapore’s upcoming Platform Workers Act

. Momentum Works expects the Act to add at least $493 million in Central Provident Fund (CPF) costs for ride-hailing and food delivery platforms over five years; and the platforms are likely going to pass these costs on to consumers.

Costlier Grab rides? Expect this trend to continue

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