Now they're re-structuring for the new phase after the end of
last generation of taxis of those Crowns , Sonata , Kia , Skoda ,
old Merc etc etc .........
Newer taxis , newer COEs , new road tax structures ..... against
the new populations , new infrastructures , new MRT lines
.......
Chief, allow me to tell you 2 types of business changes,
Restructuring is a change of internal system, but not the
personels, assets, be it fix, current or movable asset like
Taxis.
The next one is call re-engineering, best example to show
re engineering is take a piece of paper, tear it to pieces and
throw it away, take another new piece of paper and work on it. Re
engineering is a total change of personels and assets, it can be
done phrase by phrase at a slower speed, or it can be done in just
one stroke of the shareholder decision, example, retrenchment and
closure of companies and rename a new one.
What we see in Taxis industrial today is restructuring, a shift
of it way of operation, management may restructure their roles, but
personel speaking still the same, just the reporting and heiarrchy
changed. Assets still remain with add in new assets, and to avoid
high depreciation which most asset like taxis to IT product do,
they hv to use back those old taxis that are still fit to be on the
road.
As such, we do see a new fleet of taxis coming in to the market
at exhorbit rental prices, but the old crown, magnetis, older
sonatas still around, and that why most TD are finding is harder
and harder to make a living, because when the old fleets are not
removed, taxi fleets increased.