Taxi drivers hit by triple whammy?

A Comfort and City street cab. Creative Commons License.

June 24, 2016

Cab firms hit by higher fees

I refer to the article “Cab firms hit by higher operating licence fees” (Straits Times, Jun 24).

Increase may be passed on to drivers?

It states that “National Taxi Association executive adviser Ang Hin Kee said operators may pass the cost on to drivers by raising rental fees. “Higher cost may trickle downwards,” he said.”

A triple whammy?

With a weakening economy that may already be hurting the earnings of taxi drivers, and increasing competition from Uber and Grab – why are we doubling the fees from 0.1 per cent of gross revenue to 0.2 per cent this year, and then to 0.3 per cent next year?

Leong Sze Hian

About the Author

Leong

Leong Sze Hian has served as the president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), Hotel Mumbai (associate producer), invited to speak more than 200 times in about 40 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of 2 countries. He has 3 Masters, 2 Bachelors degrees and 13 professional qualifications.