Give taxis more room to compete on pricing | The Straits Times

But under the Public Transport Council (PTC) and the Land Transport Authority’s (LTA) mandate, taxi companies were forced to adopt a unified fare structure, and could vary only certain components of their fares.

Uber and Grab had focused on competing on the basis of fares – their dynamic pricing system against the taxis’ regulated fare system.

The outdated and non-competitive nature of the taxi fare structure was revealed.

Commuters began switching to private-hire vehicles because of the cheaper ride.

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Give taxis more room to compete on pricing, Letters in Print News & Top Stories – The Straits Times.