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Taxi! Upturn in fortunes for sector with Uber's exit
More cabs are being hired out and number of taxi driver's licences issued registers three-year high
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Figures provided to The Sunday Times by the Land Transport Authority show only 9 per cent of Singapore's taxi population was unhired in April, down from 12.5 per cent in January. Last year, the average unhired rate was 10.6 per cent.
PHOTO: LIN ZHAOWEI FOR THE STRAITS TIMES
The taxi sector is continuing to experience an upturn following Uber's exit from the market, with more cabs being hired out and the number of taxi driver's vocational licences (TDVLs) issued hitting a three-year high.
The increasing popularity of private-hire car firms Grab and Uber over the past two years saw the taxi sector take a hit, with cab numbers dropping from almost 28,800 in 2015 to 21, 436 currently.
