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The land transport giant reported growth in bus and rail readership, taxi hired-out rates, vehicle inspections and driving school enrolment but the translation effect of the weaker currencies of the UK and Australia weighed down these positive factors.

Singapore to Malaysia taxi cabs DESPITE clear signs that the taxi industry is overcrowded – operators posting thinner profits, outright losses and hundreds of taxis laid up idle – there is a new applicant for a taxi operating licence. The flag down rate ranges from S$3.00 to S$5.00 (depending on the type of taxi). Please check with the driver or taxi company on the surcharge and ask for a receipt at the end of the trip. 7am to 9.30am and 5pm to 11pm on weekdays), rainy days or festive seasons, demand for taxis rises. Please check with the taxi companies or limousine counters on the rates when you book a limousine taxi service. Limousine taxi service charges a flat rate and can be booked from the respective taxi companies and approved limousine counters at Airport Terminals, Tanah Merah Ferry Terminal, Singapore Expo and certain hotels.In Singapore, SBS Transit’s turnover grew 8.7 per cent on increases in bus ridership and rental income.But operating profit was 32 per cent lower from a year ago because of higher fuel costs.But they still need to go to the respective pick-up points in the other country.

Currently, taxis plying both sides of the border are allowed to pick up and drop off passengers at just two places: Ban San Street near Bugis, and Pasar Bakti terminal in Johor.

The Singapore taxi business saw turnover inch up 2.7 per cent in Q3 to $238.2 million.

Turnover from Singapore jumped 10.5 per cent to $157.6 million on the back of more cashless transactions and a larger fleet.

Confirming market talk that has been circulating for weeks now, the Land Transport Authority (LTA) told The Straits Times: ‘LTA received an application for the taxi operator’s licence recently, and we are currently evaluating the application.’ The authority would not reveal the identity of the applicant, but The Straits Times understands that the applicant is Tiong Asia Marine, a small company that repairs, paints and cleans boilers for the shipping industry.

Since the Singapore taxi industry was liberalised in 2003, four newcomers have entered the fray to join incumbents Comfor Del Gro (Comfort Taxi and City Cab) and SMRT Corp (SMRT Taxis).

They are Smart Taxis, Trans-Cab, Premier Taxis and Prime Taxis.