SSS in the News | Drivers and users hanging on to Uber app
The Straits Times, page A3; Reproduced in The New Paper, Page 16
Ride-hailing firm Uber may have made it clear that it intends to leave Singapore after rival Grab acquired it on March 26, but commuters and drivers are still hanging on to the app even as it heads for its last lap, so that they can compare prices. Prof Ng Yew Kwang from NTU’s economics department, when asked if this was the new normal - fewer discounts resulting in costlier rides – said, "It depends on the ability of new entrants to the market, like Ryde and Go-Jek, to establish themselves and gain market share fast. Only with increased competition will the promo codes increase again."
Read the article here.