A new bill has been tabled in Parliament aimed at regulating the private-car hiring industry. First introduced to the nation in 2013, the industry has grown rapidly since, with an estimated 2 million users utilising ride-share apps as of 2019.
As Point-to-Point (P2P) transport has evolved over the years, a spokesperson for the Ministry of Transport (MOT) has said that the ministry has recognised the need to facilitate an open market that supports both development of P2P services and streamline regulations where appropriate.
The Point-to-Point (P2P) Transport Bill was put up for first reading and proposes to issue two licenses- one for street-hail services, and one for ride-hail services.
Booking services, which includes via taxi operator or private-hire car service, will fall under the category of ride-hail services.
The bill also looks to expand the regulatory scope of the Public Transport Council (PTC) to cover fares set by ride-hailing operators such as Grab and Gojek. Currently, the PTC only regulates bus and train fares, while taxi fares are unregulated- although operators must inform the council should fares change.
The Land Transport Authority (LTA) will review the changes in the proposed bill to ensure that it continues to meet the standards for Singaporean consumers and broader transport objectives.
More details will be added to the bill this month, as the bill reflects feedback on suggestions gathered from P2P users and developers.