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Singapore To Regulate Taxi-Booking Apps Uber, Grabtaxi


Ron Burgundy
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An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi signSINGAPORE (Reuters) - Singapore said on Friday it plans to regulate fast-growing third-party taxi booking services like Uber and GrabTaxi for the first time, capping fees and requiring them to dispatch only licensed cabs and drivers. Under new rules to take effect in second-quarter 2015, operators of the increasingly popular services based on mobile phone applications will be required to register with Singapore's Land Transport Authority (LTA). The LTA said the fees charged by the booking services could not exceed those of regular taxi companies. ...




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