Grab, GoTo May Face New Rules as Singapore Reviews Ride Industry
- Government is reviewing regulations governing the sector
- Ride-hailing firms face pressure globally to adjust operations
The number of daily rides in Singapore has increased to 613,000 in July 2023 from 517,000 in November 2020.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
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 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.