02
October
2019
|
14:59
Europe/Amsterdam

Fall in ride-hailing fares in past year, study shows

A study conducted by Associate Professor Lawrence Loh, Director of the Centre for Governance, Institutions and Organisations at NUS Business School, and his fellow researchers showed that average daily fares in Grab fell 11 per cent from $13.24 to $11.80 after Indonesian start-up Gojek started operations in Singapore in November 2018.