Singapore-headquartered financial services and data platform GoBear announced today (Jan 5) that it will be ceasing operations and will begin an “orderly closure of the business”. The firm cited the failure to raise additional funds from existing or new investors as the primary reason for closure. It added that the …
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The Land Transport Authority (LTA) announced today (September 15) that the government will be injecting an additional S$ 112 million in financial assistance for taxi operators and private-hire firms. LTA said in a post on Facebook that the funds will help point-to-point (P2P) drivers and operators “tide over this difficult period”. …
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Ride-hailing giant Grab has submitted an application to charge customers an $ 0.32 (including GST) per ride as a “platform fee”. The news was announced by the Competition and Consumer Commission of Singapore (CCCS) in a media release today (28 July). According to Grab, the fee will enable the company …
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