COE up. Taxi earnings affected?

[Ben5266]

If COE for 1.6L or below cross $30k or even $40k, will our taxi company raise their rental fee? Then in order to maintain the income of taxi folks, taxi fare will be adjusted up?

Or, old taxi got deregistered. But new COE too expensive for new taxi. So, the taxi population will decrease? Tourists complain cannot get taxi?

Hmmm... Not easy to work in LTA.

[Introz]

this one ah must

[RadX]

huat ah! taxi also go up...hahahaha

 

 

LTA to triple taxi operating licensing fees, taxi drivers to suffer

By admin -

 

June 23, 2016

 

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Photo from taxi photos

 

 

 

 

The Singapore government Land Transport Authority (LTA) yesterday (Jun 23) announced that they will double the current taxi operating licensing fees this year and triple it the next year. Taxi operators like SMRT and Transcab is currently paying 0.1% of their gross revenue as operating licensing fees, and will double the amount this year, and triple the amount next year in 2017.

For SMRT, this translates to about S$140,000 in costs for this year and another S$140,000 for the next, but it will likely be passed down to taxi drivers through rental increase. With rental increase, Singapore commuters will have to pay more for taxi services.

Taxi drivers now pay about S$100 a day in rental for the common Hyundai Sonata vehicles. These taxi drivers are fast losing out customers and private bookings to new car-sharing applications like Uber and Grabtaxi, and will likely lose out further in costs because the latter two companies do not need to pay operating licensing fees.

The move runs in contradiction with a “car-lite” society boasted by Prime Minister Lee Hsien Loong. Private car owners are unlikely to see public transport as an option if costs and inconvenience become a deterrent.

Transport Minister Khaw Boon Wan and LTA is unavailable for comment. The Transport Ministry is now in a chaos as the Minister Khaw Boon Wan is currently busy with rising complains from frequent train breakdowns. COE prices were uncontrolled and the pricing just hit a 2016-high.

 

[alikato]

huh state times review? true or not leh..

[Jman888]

Taxi firms hit new bump - higher govt fee

Christopher Tan

Friday, Jun 24, 2016

 

The embattled taxi industry, which has been reeling from disruptors such as Uber and Grab, is facing another blow - sharply higher government fees.

 

The Land Transport Authority (LTA) has told operators that their operating licensing fee will rise from 0.1 per cent of gross revenue to 0.2 per cent this year, and then to 0.3 per cent next year.

 

This is the first such increase in more than 10 years.

 

For a mid-size operator such as SMRT, the fee hike translates to more than $1 million in additional costs per year.

 

Based on its taxi revenue for the past two financial years, its fee would go up from an estimated $1.4 million to $4.2 million next year, assuming revenue remains constant.

 

Operators contacted were furious but resigned. "What can we do?" the manager of a small firm said. "It's not as if the rate is negotiable."

 

Another said: "That's a doubling and trebling of fees in just two years. We're going to appeal. It may be useless but we have to register our protest."

 

The LTA was not available for comment but The Straits Times understands that the fee hike has to do with higher costs associated with monitoring taxi service standards.

 

Currently, private-hire operators such as Uber and Grab do not pay this fee. Their service standards are also not monitored by the LTA.

 

National Taxi Association executive adviser Ang Hin Kee said operators may pass the cost on to drivers by raising rental fees. "Higher cost may trickle downwards," he added.

 

For cabby S.C. Wong, it is already starting to trickle down. Mr Wong, 64, said ComfortDelGro has been trying to persuade him to swop his Hyundai Sonata for a costlier Hyundai i40 cab.

 

"I refused because it costs 30 per cent more. The market is very bad now," he said.

 

"My takings have fallen by 20 per cent to 30 per cent from last year, when Uber and Grab started full swing. My call bookings have dropped too."

 

Mr Wong, who has been driving a taxi for 15 years, said the i40's higher flagdown fare of $3.70 - 50 cents higher than the Sonata's $3.20 - "cannot cover the $30 increase in rental".

 

ComfortDelGro said the higher rental reflects the higher purchase price of the i40.

 

The i40's rental is $130 a day while the Sonata's is as low as $100. This means ComfortDelGro rakes in nearly $88,000 more in rental per cab over its eight-year lifespan.

 

But Singapore's biggest cab operator is also trying to woo cabbies who have quit with a two-month 50 per cent rental discount.

 

Industry players said the percentage of unhired cabs has risen - from single digits before 2013 to more than 10 per cent now for some operators.

 

[email protected]

 

 

 

[Mustank]

Mai comrpain ah mai comrpain ah

[Ben5266]

 

huat ah! taxi also go up...hahahaha

 

 

LTA to triple taxi operating licensing fees, taxi drivers to suffer

By admin -

 

June 23, 2016

 

461

 

0

 

Share on Facebook

 

Tweet on Twitter

Photo from taxi photos

 

 

 

 

The Singapore government Land Transport Authority (LTA) yesterday (Jun 23) announced that they will double the current taxi operating licensing fees this year and triple it the next year. Taxi operators like SMRT and Transcab is currently paying 0.1% of their gross revenue as operating licensing fees, and will double the amount this year, and triple the amount next year in 2017.

For SMRT, this translates to about S$140,000 in costs for this year and another S$140,000 for the next, but it will likely be passed down to taxi drivers through rental increase. With rental increase, Singapore commuters will have to pay more for taxi services.

Taxi drivers now pay about S$100 a day in rental for the common Hyundai Sonata vehicles. These taxi drivers are fast losing out customers and private bookings to new car-sharing applications like Uber and Grabtaxi, and will likely lose out further in costs because the latter two companies do not need to pay operating licensing fees.

The move runs in contradiction with a “car-lite” society boasted by Prime Minister Lee Hsien Loong. Private car owners are unlikely to see public transport as an option if costs and inconvenience become a deterrent.

Transport Minister Khaw Boon Wan and LTA is unavailable for comment. The Transport Ministry is now in a chaos as the Minister Khaw Boon Wan is currently busy with rising complains from frequent train breakdowns. COE prices were uncontrolled and the pricing just hit a 2016-high.

 

LOL

 

"The i40's rental is $130 a day while the Sonata's is as low as $100. This means ComfortDelGro rakes in nearly $88,000 more in rental per cab over its eight-year lifespan."

COE up $88k meh? or CEO's pay up $88k monthly?

Edited June 24, 2016 by Ben5266

[Joseph22]

Khaw is like mbt of LhL reign. Everywhere be go. Price increase.

[merc280v6]

With petrol, COE, ERP and parking charges ALL going up, this is indeed the car lite vision for Singapore!!!

We must go car lite and shed car ownership.

Singapore is just too small, with too many people

[Evillusion]

The gov should make sure public transport are world class 1st before forcing us to be carlite! The way i see it is that the gov are forcing us to take smrt buses and train so that this companies make good profit so that they can justify themselves!

[merc280v6]

The gov should make sure public transport are world class 1st before forcing us to be carlite! The way i see it is that the gov are forcing us to take smrt buses and train so that this companies make good profit so that they can justify themselves!

I think with the latest addition of another public bus company, Uber / Grab, on top of the base load SBS, Transit, Citicab, SMRT, etc., plus the planned addition of even more MRT trains on the tracks, and even more km of tracks, stations, DownTown, Circle, etc., the gov is indeed giving us a good alternative in public transport!

You open up one gate, you must also close the other gate, to corral the masses toward the direction that you want 'em to go right?

Just like cattle

[Evillusion]

I think with the latest addition of another public bus company, Uber / Grab, on top of the base load SBS, Transit, Citicab, SMRT, etc., plus the planned addition of even more MRT trains on the tracks, and even more km of tracks, stations, DownTown, Circle, etc., the gov is indeed giving us a good alternative in public transport!

You open up one gate, you must also close the other gate, to corral the masses toward the direction that you want 'em to go right?

Just like cattle

Must open the gates 1st...let pips try out and not forced or coerced! Our MRT can serve us better if there are more lines.....now if 1 needs to go pasir ris from wdlands the mrt route will take us all the way to town and then change to 1 that is going East.....and the ridership in the journey to the west by train or bus are simply overwhelming. I live in wdlands but works in the west.....took the bus once and i suffered throughout the journey! Our public transport is simply not ready for a carlite public....not yet in the next few years!

Guess who have to pay more when taxi drivers are charged more for the taxi rentals?

Edited June 25, 2016 by Eviilusion

[Honker]

Cost of rental per shift (12 hours) for Day Shift Driving only

New Hyundai Taxi: $136 daily, for 12 hours is $68

Cost of Diesel: $30

Car Wash: $4

Note: Cigarette and lunch is not inclusive.

Gross earning per shift

Earning per hour based on 10 solid hours of driving as taxi driver need to rest for meal and to wash car.

Hourly earning after taking into consideration of peak and non peak average: $20

Nett earning per day after deduction of cost

$20 x 10 hours = $200 – $68 – $30 – $4 =$98 per day

Click to read more......

 

http://www.mysgcar.com/blog/current-taxi-earning/

[Mustank]

又是 comprains

[SuPerBoRed]

PAP CCB?? 

[Kusje]

taxi coy taking 4k per month for rental.....

[Wyfitms]

Cost of rental per shift (12 hours) for Day Shift Driving only

New Hyundai Taxi: $136 daily, for 12 hours is $68

Cost of Diesel: $30

Car Wash: $4

Note: Cigarette and lunch is not inclusive.

Gross earning per shift

Earning per hour based on 10 solid hours of driving as taxi driver need to rest for meal and to wash car.

Hourly earning after taking into consideration of peak and non peak average: $20

Nett earning per day after deduction of cost

$20 x 10 hours = $200 â $68 â $30 â $4 =$98 per day

Click to read more......

 

http://www.mysgcar.com/blog/current-taxi-earning/

Hi how many years warranty for your vezel?

[Poper]

Taxi company can lower rental or Government lower taxes on taxi. It's a dog eat dog world. In the same way that our scholar ministers expect us to innovate and survive in their global economy, these taxi drivers is no exception.