IIT is probably too late, but has anyone done a cost-andbenefit analysis of having an unfettered private-hire industry here? Well, for what it is worth, here is a rough-and-ready examination of what Singapore has gained (and lost) by having around 47,000 taxi-like cars plying here – on top of the 23,000 licensed cabs on
the road. now able to drive an ordinary passenger car, albeit one with telling decals front and back. Competition has also resulted in discounts and promotions lavished on commuters. The newcomers, especially, are offering plenty of sweeteners (at least, for now) to win market share.