Land Transport Authority (LTA)

Broad regulations for a disrupted industry

SINGAPORE (Aug 12): A new licensing regime for private-hire platform operators that will kick into effect next June could level the playing field between taxi operators and ride-hailing platform providers, as well as protect drivers and consumers alike. However, some observers say the regulatory measures are broad and may need some clarity in practice. The impact will be wide: Besides the 20,000 taxis, there are about 45,000 private-hire cars on the roads today.

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Singapore to step up oversight on Grab, Gojek to enhance safety

SINGAPORE (Aug 7): Singapore will tighten regulations on ride-hailing operators such as Grab and Gojek, bringing safety-related rules for the services in line with taxi operators to better protect commuters and drivers.

Senior Minister for Transport Janil Puthucheary outlined a new bill governing the ride-hailing industry in the country’s parliament Tuesday. He said ride-hailing operators with at least 800 vehicles will be licensed. Taxi companies will have another license.

Visa rolls out nationwide contactless payments service for mass transit commuters

SINGAPORE (June 6): Public commuters in Singapore may now opt to pay for their bus or mass rapid transit (MRT) rides with their Visa contactless cards or compatible mobile devices, instead of using cash or EZ-Link cards.

This comes as part of the Land Transport Authority’s (LTA) SimplyGo initiative, which launched on April 4 this year starting with MasterCard. 

Singapore proposes stricter rules for ride-hailing operators

(Jan 25): Singapore is proposing to step up regulation of ride-hailing companies such as Grab and Go-Jek, bringing rules for the services in line with taxi operators in a bid to better protect the safety of commuters and drivers.

Lum Chang secures $799 mil contract from LTA for design and construction of north-south corridor

SINGAPORE (Dec 21): Lum Chang Holdings announced that its wholly-owned subsidiary, Lum Chang Building Contractors, has won a tender for the design and construction of the north-south corridor (tunnel) between Ang Mo Kio Ave 3 and Ang Mo Kio Ave 9 worth $799.0 million.

The contract is awarded to the group by the Land Transport Authority (LTA).

According to the contract, the group will be involved in the designing and construction of tunnel structures with a length of 1.95 km, a facility building near Ang Mo Kio Town Garden, at-grade roads and the drainage system.

Grab is looking heavier by the day. Thanks, Toyota: Tim Culpan

(Dec 20): Six months ago I warned that Grab Holdings Inc. may ditch its asset-light model in favor of owning more inventory.

The Singapore-based ride-hailing company had just landed US$1 billion in funding from Toyota Motor Corp., and the deal looked a little like vendor financing.

A press release from the two companies on Tuesday shows this to be the scenario that’s playing out:

Toyota … is offering Total-care Service for 1,500 Toyota vehicles owned by Grab Holdings, Inc. (Grab) in Singapore through its subsidiary GrabRentals. (emphasis added)

Singapore tests on-demand buses to ease congestion, as Asian cities watch

(Nov 30): Singapore is launching a six-month trial of an on-demand public bus service, using technology to reduce congestion and costs in what could be a model for gridlocked cities in the region.

Commuters can request pickups and drop-offs at any bus stop within a designated area through a mobile app, the Singapore Land Transport Authority (LTA) said in a statement.

The service can “optimise limited resources while offering more seamless and convenient bus journeys for commuters in areas or during timings with low or unpredictable ridership”, it said.

LTA may allow taxis, private-hire cars to do deliveries on trial basis

SINGAPORE (Sept 10): Taxi operators and private-hire car firms who are interested in allowing their drivers to perform courier services on a limited trial basis can approach the Land Transport Authority (LTA), Senior Minister of State for Transport Janil Puthucheary told Parliament on Monday.

Mobike scraps $49 deposit policy for Singapore users following oBike's sudden exit

SINGAPORE (June 29): Mobike is renouncing its one-time deposit of $49 for its existing and new users in Singapore, specifically those who register or have registered for a Mobike account using phone numbers with the prefix +65.

To get a deposit refund, users may log into the Mobike mobile app and select the “Refund” button located on the lower page of “My Wallet”.

The actual credit of $49 will be transferred into the user’s account within 10 working days.

Yongnam JV wins $554 mil contract for North-South Corridor project

SINGAPORE (May 23): Yongnam Holdings announced that its 30%-owned joint venture (JV) with Leighton Asia has secured a $553.8 million tunnel and infrastructure contract, as part of the North-South Corridor project.

Leighton Asia, an international construction company, holds the balance 70% of the joint venture and is part of CIMIC Group listed on the Australian Securities Exchange.

This contract was awarded by the Land Transport Authority (LTA) and is expected to commence in 2Q18 and complete by 2026.

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