Cab companies could be allowed to bid for COEs

Regulations banning cab firms from bidding for COEs were put in place in 2012, but are being reviewed.
Regulations banning cab firms from bidding for COEs were put in place in 2012, but are being reviewed.PHOTO: ST FILE

Rule against this, implemented in 2012 to address complaints that it was driving up car premiums, said to be under review

Taxi operators may soon be allowed to compete with car buyers for certificates of entitlement again - a move which may fuel competition for COEs.

Regulations banning cab firms from bidding for COEs were put in place in 2012 to address a longstanding gripe among car buyers and sellers that taxis were driving up premiums and providing unfair competition.

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A version of this article appeared in the print edition of The Straits Times on May 14, 2019, with the headline 'Cab companies could be allowed to bid for COEs'. Print Edition | Subscribe