Daily Cuts - How can we improve night-time supply of taxis and private-hire cars?

The Land Transport Authority recently announced that it will look into the supply of taxi and ride-hailing services, as part of a review of the point-to-point industry structure and regulatory framework. Could this help those of us attempting to get a ride, especially in the later hours of the night? We get candid insights from a taxi driver on what could be driving these availability issues.