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Why it's important to keep taxis viable

The cab population has dwindled to 18,000 in the face of competition from ride-hailing firms. Cab firms need to get together to stem the decline to ensure that taxis remain viable - for the public good.

To say that the taxi industry has been disrupted by ride-hailing firms would be an understatement. Decimated may be a better word.

In just five years, the industry has witnessed its combined fleet reduced by 10,000 vehicles - or more than one-third. At just over 18,000, the cab population is now at its smallest in 10 years.

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A version of this article appeared in the print edition of The Straits Times on January 16, 2020, with the headline 'Why it's important to keep taxis viable'. Subscribe