Impact of Grab's Acquisition of Trans-Cab on Fares, Quality of Service and Drivers' Livelihoods
- The Minister emphasized that the regulatory framework for point-to-point (P2P) transport ensures an open and contestable market, preventing exclusive arrangements that lock in drivers and allowing commuters to choose between different services and prices.
- The acquisition of Trans-Cab by Grab is under review by the Competition and Consumer Commission Singapore, and if approved, drivers can still operate across platforms, while quality of service standards for safety and performance will continue to apply.
- The growth of e-commerce, ride-hailing, and car-sharing has not significantly altered the vehicle population, as the Vehicle Growth Rate remains at 0% for cars and Electronic Road Pricing manages congestion, with no current plans to adjust the COE system.
- The P2P industry is undergoing a review to adapt to changing commuter and driver needs, ensuring service availability, resilience, and inclusivity in collaboration with stakeholders.