We have already seen the video of rows of empty SMRT taxis being parked long term in public HDB carpark. So it is a somewhat mind boggling to learn that Grab has just joined the fray into the local Singapore taxi service sector. Perhaps, Grab saw their competitive advantage in their popular online booking platform giving priority to their own taxi fleet on top of being able to do stop and pick up along the road. Nevertheless, it has been a bloodbath on the local taxi industy (ComfortDelgro and SMRT taxi arm all in trouble) which has been in the doldrums since the coming of Uber and Grab that disrupted their traditional taxi business model.
I do hope that Grab management knows what they are getting themselves in and have already done their sums. Nevertheless, I view extra competition as beneficial to consumers.
because the govt has deemed street hail taxi as still essential to Singapore transport choices
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