SMRT is apparently in talks to sell its taxi business to Grab, and if all goes through, it won’t be long before the familiar SMRT taxis vanish from our roads.
What’s the Deal?
Why is SMRT selling its taxi business anyway? Well, it seems that Temasek, its holding company, wants SMRT to get its act together and focus on the rail business to make the MRT and LRT lines reliable, just like they have been… many, many years ago.
Not only that, Transport Minister Khaw Boon Wan has also set a new reliability target, which will be a 72% improvement over the previous years.
With pressures to ‘Make The MRT Great Again’, it seems that selling off smaller and less profitable businesses is the …Read the full article →