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.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
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'. Print Edition | Subscribe