Do you know guys .....
Those taxi companies will have worries coming with more cabs on
the road .
If the market are really good , why did Smart & Silver not
daring enough to launch new taxis ?
Except for Prime & TransCab coming with new taxis , partly
was to replace the old Crowns .
Comfort & CityCab looked like coming out with new Sonata ,
but not true all are new population , all those old crowns were
scrap for new sonata .
Imagine once Government come with new employment policy , to
favour the locals , with slightly on par salary with the likes of
taxi drivers , like $2500-$3000 per mth .
Their taxis will be stuck .
Cos most will jump into it ! Driving taxis ? Fuck la , u go
ahead ! hahahah
More taxis licences was released on the road was to curb
unemployment figures which was shooting higher and higher back in
2002-2003 period...
there are 6 local banks merged into 3 ( now remaining the DBS,
OCBC & UOB still around )... the other banks got bought over (
OUB, Keppel-Tat Lee, POSB )... don't be surprised if there are
ex-bankers, stock/forex brokers now plying the road as cabbies
!!!
hence many ppl was retrenched... then came the SARs period - the
economy growth dropped below negative.. RECESSION within RECESSION
(mid 2003).
To curb with the expanding unemployment figures.... more taxis
licences was released...
A win-win situation to the govt... No actual paid-jobs was
created.... taxi cabbies need to pay for rental of cabs... and at
that time - only 3 stat boards linked companies are in
the industry, ie - Citycab, Comfort & SMRTs.... cabbies are
giving revenues to govt instead.... !!!!!
