CNA938 Rewind - How will GrabCab shake up Singapore’s taxi industry
Ride-hailing giant Grab has been awarded a street-hail operator licence, making it Singapore’s sixth taxi operator. The licence – awarded to GrabCab, a subsidiary of Grab’s rental arm GrabRentals – will start on April 9 and is valid for 10 years. Andrea Heng and Hairianto Diman examine how this new player will shake up the competitive taxi industry in Singapore with Associate Professor Walter Theseira, School of Business, Singapore University of Social Sciences