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Home Real Estate

New regulations won’t halt decline in taxi population, say industry watchers

by Riah Marton
in Real Estate
New regulations won’t halt decline in taxi population, say industry watchers
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RECENTLY announced changes to requirements for taxis will reduce costs for operators, but will not reverse the trend of a dwindling taxi population, said industry watchers.

Ride-hailing platforms will continue to be dominant, even though taxis will always have a role to play for certain groups of commuters, they added.

New regulations for the point-to-point (P2P) transport sector, which includes taxis and private-hire cars (PHCs), were announced at the debate on the Ministry of Transport’s budget on Mar 5.

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Tags: declineHaltIndustrypopulationRegulationstaxiwatchersWont
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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