17
October
2018
|
16:18
Europe/Amsterdam

Tweaks for a better ride-hailing market

Dr Timothy Wong and Prof Julian Wright from the Dept of Economics at NUS Faculty of Arts and Social Sciences opined that Singapore’s regulatory regime for the ride-hailing market is sound but more can be done to facilitate ‘multihoming’ and prevent exclusive contracts opinion. They noted that while disruption by app-based technologies has created powerful ride-hailing operators, an appropriate regulatory framework can help the sector sustain effective competition to the benefit of consumers.