Grab, GoTo May Face New Rules as Singapore Reviews Ride Industry
09/14/2023 10:23
Grab Holdings Ltd. and GoTo Group may face new rules in Singapore after the wealthy city-state said it plans to review regulations and structure governing the fast-growing ride-hailing industry.
The number of daily rides in Singapore has increased to 613,000 in July 2023 from 517,000 in November 2020.
Photographer: Ore Huiying/BloombergGrab Holdings Ltd. and GoTo Group may face new rules in Singapore after the wealthy city-state said it plans to review regulations and structure governing the fast-growing ride-hailing industry.
The Land Transport Authority said Thursday it’s looking to change the framework for the taxi and ride-hailing industries. It’ll focus on availability of supply, resilience and the inclusivity of services, while also looking at matters such as the adoption of clean-energy vehicles.
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Grab, GoTo May Face New Rules as Singapore Reviews Ride Industry