28 Apr '16, 3am

[Mothership] Were MP Ang Hin Kee’s comments on Uber/Grab lowering fares hurting taxi sector fair? https://t.co/eCOuEnI33W

[Mothership] Were MP Ang Hin Kee’s comments on Uber/Grab lowering fares hurting taxi sector fair? https://t.co/eCOuEnI33W

Ang Mo Kio GRC Member of Parliament (MP) and National Taxi Association (NTA) adviser Ang Hin Kee caused quite the brouhaha when The Sunday Times published his comments in an article titled “Fare cuts by Uber, Grab will hurt sector: Taxi body “. Three things that were highlighted in the paper and rubbed some people the wrong way include: 1. Uber and Grab lowering prices would force both private-hire car drivers and cabbies to do more trips and drive longer to earn essentially the same amount. (But passengers love lower prices! ) 2. Both app companies still draw 20 per cent of fares from drivers despite lowering prices. (Drivers lose out!) 3. In the event both companies dominate the market, they may raise prices and charge a premium; and there are currently no checks and balances to ensure drivers and consumers are not taken advantage of. (But haven’t certain taxi companies ...

Full article: http://mothership.sg/2016/04/were-mp-ang-hin-kees-comment...

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